The leu closed at 4.4488/4.4515 per euro, from 4.4545/4.4585 per euro Friday.
The central bank Monday lowered its main monetary policy rate by 25 basis points to a record low of 5% a year, the first rate cut in 15 months. Market participants said investors had already factored in the decision, which had little impact on the leu’s evolution.
The leu opened at 4.458/4.46 to the euro. It appreciated toward 4.45 to the euro around noon and traded near that level for the rest of the session.
The central bank set the leu’s reference at 4.4501 versus the euro, 0.2% stronger on the day. Against the US dollar, the leu’s reference gained 0.17% to 3.4094 units.
In the money market, overnight rates were at 4.96%-5.46% a year, little changed on the day.