ROBOR 3M hits new high in more than four years

The 3-month Robor index, based on which consumer loans in the local currency with variable interest rates are computed, rose to 3.46 percent on Tuesday, versus 3.43 percent in the previous day, according to data from the National Bank of Romania (BNR).

This was the highest value of the index since February 25 2014. Meanwhile, the 6-month Robor, based on which mortgage loans in the local currency with variable interest rates are computed, remained flat at 3.52 percent.

The 12-month Robor grew slightly to 3.62 percent on Thursday.