How does the ROBOR / IRCC affect interest rates?
Variable interest rates in RON are influenced by ROBOR 6M / IRCC because they are made up of ROBOR 6M / IRCC + a bank's fixed margin. 🙂
In the case of variable interest loans granted in RON to individuals, as of 2 May 2019, according to GEO 19 / 2019, the ROBOR index is replaced by the IRCC index.
Thus, if ROBOR or IRCC rises, it is a signal that interest rates will rise, and if ROBOR or IRCC falls, it means that interest rates will fall. 😉
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