The three-month ROBOR index, which is used to calculate the cost of consumer loans in lei with a variable interest rate, decreased on Wednesday to 5.91% per year, from 5.92% per year in the previous session, according to data published by the National Bank of Romania (BNR).
At the beginning of last year, the index was 6.21%.
The six-month index, used to calculate the interest rates for mortgage loans in lei with a variable interest rate, remained unchanged at 5.97% per year, while the 12-month ROBOR index stayed at 6.03%.
As for the reference index for consumer loans (IRCC), regulated by Government Emergency Ordinance 19/2019, it is 5.66% per year, calculated as the arithmetic average of daily interest rates for interbank transactions in the third quarter of 2024, decreasing from 5.99% in the previous quarter.
In May 2019, GEO 19/2019 came into force, modifying the way the interest rate for loans in lei with variable interest is calculated. The normative act established the reference index for consumer loans (IRCC), calculated quarterly exclusively based on interbank transactions.
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