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

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.