Romania’s central bank may cut its monetary policy rate by 0.25 percentage points to 3% at the upcoming meeting Tuesday, while the minimum reserve requirements may be kept unchanged, according to financial and banking analysts.
In the first trading hour, the national currency traded at 4.406/4.4085, higher from 4.411 per euro at Monday close. It ranged from a high of 4.4065 per euro and a low of 4.407 per euro.
Monday, the central bank’s reference lost 0.3% to 4.4152 units, the lowest rate since September 17. Against the US dollar, the leu’s indicative also lost 0.82% on the day to 3.4827 units.
In the money market Tuesday morning, overnight rates were at 4.05%-4.9%, from 3.2%-3.7% a year Monday.