The 3-month Robor index, the most widely used indicator for old loans in RON, rose on Monday morning for the first time above the 5 percent threshold, reaching 5.01 percent.
ROBOR at 6 months rose to 5.13 percent, while the indicator at 1 year rose to 5.19 percent.
ROBOR represents the average interest rate at which Romanian banks borrow from each other, in RON. The evolution of ROBOR is influenced by several factors, the most important ones being the NBR’s monetary policy, market liquidity, inflation and fiscal policy.
