Three-Month Money Market Rate Drops Sharply After Surprise Rate Cut

03.23.2020 By Oana Gavrila

Romania's three-month ROBOR index, the three-month interbank interest rate used as a reference to calculate interests for consumer loans in lei, dropped to 2.61% a year Monday from 3.24% Friday, following a surprise cut in the key rate.

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Keywords:
ROBOR
, RATE DROP
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