The combined monetary policy stimulus measures led to a continued reduction in interest rates on new loans and deposits in lei in Q3 2024 – NBM
This is stated in the National Bank's materials regarding the latest decision of the NBM Executive Committee to maintain the base rate applied to the main operations of short-term monetary policy at 3.6% per annum. As noted, the average weighted interest rate on new loans issued amounted to 8.63%, and on deposits - 3.12%, decreasing by 2.75 and 1.49 percentage points, respectively, compared to the third quarter of 2023. The National Bank emphasizes that the subsequent increase in interest rates led to an increase in the volume of new loans issued in lei by 43.3% in the third quarter of 2024. Such dynamics were due to the increase in loans issued both for consumption and for the purchase of real estate to individuals and legal entities in the field of trade, transport, telecommunications and network development.// 05.11.2024 — InfoMarket
