Monetary market interest dropping

Municipalities, companies, small and medium-sized enterprises, and the population with lei-denominated mortgages were all subject to the sharpest effects of the explosion of interest rates on the monetary market, as interest were also reflected in loan installments. “Clients whose contracts contain automatic indexing based on the ROBOR are mostly corporates, who have many employees. For individuals, interest indexed according to the ROBOR are mainly for mortgages, but there are few lei-denominated mortgages,” according to a declaration for Business Standard by Lucian Anghel, Chief Economist of Banca Comerciala Romana (BCR).