Romania’s 3-month ROBOR hits 6-month low

Sorin Melenciuc 27/12/2018 | 15:40

Romania’s three-month money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, slightly declined on Thursday to 3.02 percent, the lowest level since June 21, on higher liquidity in the market.

On Monday, 3-month ROBOR was 3.03 percent.

The 6-month ROBOR stood at 3.33 percent for the fifth day in a row.

Compared with the end of 2017, the 3-month index rose by 0.97 percentage point, from 2.05 percent.

Since the end of November, the National Bank of Romania has stopped injecting liquidity into the money market through a repo operation (government securities-backed lending to banks), a move designed to address liquidity shortage – and to cap interest rates in the market.

This new decline of money market rates is mainly due to higher liquidity in the market.

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

In the same time, Romania’s currency, RON, declined by 0.1 percent on Thursday against the European single currency, the exchange rate rising to 4.6471/EUR.

Against the European single currency, Romania’s currency reached the all-time low of 4.6695/EUR on June 21, 2018.

US dollar gained 0.1 percent to 4.0744 RON.

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