Three-Month Money Market Rate Plunges To 1.59% After Central Bank Cuts Key Rate To Record Low Of 1.25%

01.18.2021 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 contracted before May 2019, plunged to 1.59% a year on Monday (Jan 18), after the country's central bank lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Jan 18, 2021.

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Keywords:
ROBOR
, decline
, central bank
, key rate