Consumer Loan Reference Index IRCC Grows To 5.98% For Q2/2023

03.31.2023 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, grew to 5.98%, from 5.71 previously, seeing an increase of 0.27 percentage points in the fourth quarter of 2022 compared to the third quarter of 2022, in line with central bank data released on Friday (March 31).

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