The IMF mission to Bucharest will likely delay until the fall its report on Romania’s progress, following failed negotiations with the government regarding key fiscal measures, people familiar with the matter told Mediafax earlier today.
The leu closed at 4.39/4.392 per euro, from 4.3945/4.3955 per euro a day earlier.
The currency opened at 4.393 to the euro and moved in a narrow range during the session, amid low volumes.
The central bank set the leu’s reference at 4.3012 units, a fresh record high in the past 10-and-a-half months. Against the US dollar, the leu’s indicative weakened to 3.2494 units, its lowest level in two months.
In the money market, overnight rates fell to 0.6%-1.1% a year, from 1%-1.5% a year Wednesday.