Consumer Loan Reference Index IRCC Falls To 5.94% A Year For Q3/2023 Vs 5.98% For Q2/2023

07.04.2023 By Ecaterina Craciun

The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, decreased to 5.94% a year. The new value corresponds to the first quarter of 2023 and it will be used by lending institutions for the third quarter of 2023 (the July-September 2023 period), in line with central bank data released on Tuesday (July 4).

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