Business Review: Romania’s 3-month ROBOR soars to 4y4m high

Romania’s three month money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, reached on Monday a record high of the last four years and four months of 3.24 percent, as never-ending political tensions, higher inflation, higher interest rates and shaky fiscal position create a grim picture for the Romanian economy, according to Business-Review.eu.

The ROBOR 3M calculated for July 2, 2018, is the highest since March 5, 2014, National Bank of Romania (BNR) data show. The 3-month rate rose by 0.09 percentage point from the previous market session.

Compared with the end of 2017, the 3-month index rose by 1.19 percentage point (+58 percent), from 2.05 percent.

 

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