The leu closed at 4.346/4.349 against the euro, compared to 4.3475/4.35 at closing the day before.
The leu opened up at 4.345/4.347 per euro. It further appreciated and hit an early high of 4.339 per euro, before turning to losses.
Around noon, the leu traded at 4.347/4.349 to the euro, after the central bank’s decision to lower its key rate by a quarter-point to 6% a year. It is the first cut in the last year and a half.
The central bank announced Wednesday a leu-to-euro reference of 4.346 units, compared to the previous reference of 4.3435 units.
On the money market, overnight rates dropped to 5.12%-5.52% a year, from 5.3%-5.8% a year previously.