The move was largely expected as the bank sees the inflation staying well below its 1.5%-3.5% target range over the coming months.

The leu closed at 4.407/4.41 to the euro Wednesday, little changed from 4.408 per euro at Tuesday close.

The national currency closed at 4.1696 units per Swiss franc Wednesday, modestly lower than the reference rate of 4.1611 units set by the Romanian central bank Wednesday at noon.

Against the US dollar, the leu’s indicative gained 0.68% on the day to 3.8507 units.

The Swiss franc touched record highs on the Romanian market starting January 15, after it gained nearly 30% against the euro following the Swiss National Bank’s decision to scrap the minimum exchange rate ceiling against the euro.

In the money market, overnight rates were at 0.16%-0.55% a year Wednesday, from 0.19%-0.58% a year Tuesday.

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