BNR governor: Don't expect IRCC to work miracles and do everyone justice; ROBOR unjustly vilified
Publicat:Because of its role as loan benchmark, the interbank offered rate ROBOR has been vilified and you should not expect the Consumer Credit Reference Index (IRCC) to work miracles and do everyone justice, governor of the National Bank of Romania (BNR) Mugur Isarescu said in a press briefing on Wednesday, according to Agerpres.
"Because of its role as loan indicator, the ROBOR has been simply vilified. Any indicator has value as long as it is credible, but if you tread on it and punch it all the time, it loses its credibility. There are many factors at play. As the inflation rate tends to…
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