The reference rate for consumer loans (IRCC) stands at 5.68% per annum, down from 6.06% per annum published three months ago, which had been the highest level recorded to date, according to data published on Wednesday by the National Bank of Romania (BNR), Agerpres reports.
The index is calculated as the arithmetic average of the daily interest rates on interbank transactions for the third quarter of 2025.
Under Emergency Ordinance 19/2019, for loans issued in the national currency, the interest rate consists of a reference rate calculated solely from interbank transactions over a given period, to which the lender can add a fixed margin for the duration of the contract. The reference rate for RON loans with variable interest is published daily on the National Bank of Romania's website.
The IRCC is calculated at the end of each quarter as the arithmetic average of the daily interest rates determined for the previous quarter and is applied by each credit institution for the following quarter.
The National Bank of Romania announced the quarterly reference rate for consumer loans (IRCC) on 2 May 2022, as regulated by Articles II and III of Government Emergency Ordinance No. 19/2019. The rate stood at 2.36% per annum, calculated as the arithmetic average of daily interbank interest rates for Q4 2018.
Regarding the three-month ROBOR index, which determines the cost of RON-denominated consumer loans with variable interest, it stood at 6.14% per annum on Wednesday, remaining unchanged from the previous session.
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