Romania’s 3-month ROBOR soars to 4y4m high

Romania’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

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


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