Three-month interbank offered rate climbs to 9-year high of 4.68 ppa

Romania's three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, climbed on Wednesday to 4.62 ppa from 4.62 ppa the day before, the National Bank of Romania informed, Agerpres reports.

A higher level of the index was recorded on April 10, 2013 - at 4.74 ppa. Early in 2020 the three-month ROBOR was 3.19 ppa, and at the beginning of 2021 it stood at 1.98 ppa.

The National Bank of Romania's Board decided on Tuesday to increase the key interest rate to 3 ppa from 2.5 ppa starting with April 6, 2022, and to maintain a firm control over the money market liquidity.