What is IRCC and how does it influence my monthly loan rate?

IRCC is an index established by BNR and updated quarterly. It only affects loans with variable interest rates: if IRCC increases, the rate increases; if it decreases, your rate decreases.

For example, an IRCC of 5.5% + the bank's margin of 1.9% means a total interest rate of 7.4%. The current IRCC value can be found on the National Bank of Romania's website.