ROBOR Case: BNR Rejects Interpretations of Its Involvement and Asks for Explanations of Alleged Deviations
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BNR prepares to change the way ROBOR is calculated, and the effects can reach millions of Romanians with credits in lei and variable interest.
The National Bank of Romania (BNR) has prepared the regulatory act to change the method of calculating the ROBOR reference interest, as requested by the Competition Council. However, the new regulation will not be launched until the processes initiated by the banks of the competition authority are completed, it shows multiple sources, for Economica. How could the new ROBOR formula be shown and why it is possible to draw inspiration from the meth…
The National Bank of Romania (BNR) rejects the interpretations according to which Governor Mugur Isărescu's statements of August 2022 would demonstrate that the institution had suspicions as to how ROBOR should be established. The central bank claims that the intervention was a legitimate instrument for market regulation.
ROBOR (Romanian Interbank Offer Rate) is the average interest rate to which Romanian banking institutions borrow in lei, among them, and its evolution is mainly linked to the level of liquidity in the market and the level of BNR interest.
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