Three-Month Money Market Rate Drops To 2.05% After Key Rate Cut

08.06.2020 By Ecaterina Craciun

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 2.05% a year Thursday, from 2.15% a year Wednesday, after the central bank lowered its benchmark interest rate by 25 basis points to 1.5% a year from 1.75% starting August 6.

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Keywords:: ROBOR; , IRCC; , key rate; , central bank

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