Consumer Loan Reference Index IRCC Envisaged To Stay Below 6% By End-2023

07.13.2023 By Ecaterina Craciun

The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, is seen staying below 6% until the end of 2023 and reaching 5.96% in the fourth quarter of 2023 (computed based on data from the second quarter of 2023).

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