TransylvaniaToday.ro: Romania’s 3-month ROBOR soars to 4y4m high

Autor: Claudiu.Padurean din 2 iulie 2018, Vizualizari: 3 689

TransylvaniaToday.ro: Romania’s 3-month ROBOR soars to 4y4m highRomania’s three month money market rate (ROBOR), the main indicator that sets the interest rates for RON currency borrowers, reached on Monday a record high of the last four years and four months of 3.24 percent, as never-ending political tensions, higher inflation, higher interest rates and shaky fiscal position create a grim picture for the Romanian economy, according to Business-Review.eu.

The ROBOR 3M calculated for July 2, 2018, is the highest since March 5, 2014, National Bank of Romania (BNR) data show. The 3-month rate rose by 0.09 percentage point from the previous market session, according to TransylvaniaToday.ro.


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