The three-month ROBOR index, which is used to calculate the cost of consumer loans in RON with variable interest rates, increased on Friday to 5.94% per year, up from 5.93% 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 interest rates on RON mortgage loans with variable interest, rose to 6% per year, up from 5.98% per year on January 16, while the 12-month ROBOR reached 6.09% on Friday, up from 6.08% per year on Thursday.
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, down from the previous quarter's 5.99%.
Government Emergency Ordinance 19/2019, which came into force in May 2019, changed how the interest rate for loans in RON with variable interest is calculated. The legislation established the reference index for consumer loans (IRCC), calculated quarterly exclusively based on interbank transactions.
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