Thursday, the leu closed at 4.2505/4.252 to the euro.
The leu opened flat versus the euro and further gained ground, hitting the day’s high of 4.2425/4.2435 per euro.
The central bank set the leu’s reference at 4.2449 per euro, the strongest rate in three weeks. Against the US dollar, the leu’s indicative won 0.3% to 2.9402 units.
On the money market, overnight rates rose to 5.8%-6.3% a year, from 4.7%-5.2% a year Thursday.
The central bank pumped 1.5 billion lei (EUR354 million) into the money market in a seven days repo at an interest rate of 6.25% a year, equal to the monetary policy rate.
The operation came after interbank rates rose above the central bank’s key rate, as some of the local lenders have liquidity problems.