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Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms

Romanian banks have published on Thursday money market rates of 17.8% on the year for all maturities, in line with the central bank’s maximum accepted level for ROBOR rates set on October 23, dealers said.
Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms
30 oct. 2008, 13:42, English

Overnight, two-days, weekly and monthly rates set by the main banks that fix the daily ROBID/ROBOR rates were at 14.05%-17.8% on the year.
 
The ten main banks that fix the daily ROBID/ROBOR rates are: The Royal Bank of Scotland, former ABN Amro, Bancpost, Banca Comercială Romana, BRD – Groupe Societe Generale, CEC, Eximbank, ING, Raiffeisen, Banca Transilvania and Unicredit Tiriac Bank.
 
The National Bank of Romania decided last Thursday it might temporarily suspend the publication of the inter-bank bid/offer indices ROBID/ROBOR, if ROBOR exceeds by more than 25% the Lombard rate of 14.25%. The measure came into effect Wednesday.