Trimestrial reference index for loans granted to consumers goes down to 1.67% per year

According to OUG 19/2019, "for loans granted in the national currency, the interest will be composed of a reference index calculated exclusively on the base of inter-banking transactions to a certain period, to which the creditor can add a fixed margin throughout the entire term of the contract. The reference index for loans granted in RON with variable interest is published on every week-day on the website of the BNR (...) The index reference is calculated at the end of each trimester, as an arithmetic average of daily interest loans, determined for the previous trimester, and to be applied by each crediting institution for the following trimester."