Romania’s 3-month ROBOR hits 2.5-month high of 3.32 pct

Sorin Melenciuc 23/10/2018 | 11:21

Romania’s three-month money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, rose on Tuesday for the third day in a row up to 3.32 percent, the highest level since August 8.

On Monday, 3-month ROBOR was 3.30 percent.

The 6-month ROBOR stood at 3.52 percent, the highest level since August 3.

Compared with the end of 2017, the 3-month index rose by 1.27 percentage point, from 2.05 percent.

Since October 1, National Bank of Romania did not inject liquidity into the money market through repo operations (government securities-backed lending to banks), a move designed to address liquidity shortage – and to cap interest rates in the market.

But this new surge of money market rates could trigger fresh intervention, according to analysts.

The 3-month ROBOR index reached a record low of 0.68 percent in September 2016.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Sorin Melenciuc | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue