The national currency appreciated to 4.425/4.429 per euro after the first hour, from 4.4362 per euro at Monday’s close.
The leu touched an early high of 4.4233 against the euro and an early low of 4.431 to the euro.
Monday, the central bank set the leu’s reference at 4.4336 to the euro, marginally weaker on the day. Against the US dollar, the leu’s indicative won 0.2% to 3.303 units.
In the money market, overnight rates were at 1.6%-2.2% a year.
Monday, the central bank lowered its main monetary policy rate by 25 basis points to an all-time low of 3.25% a year, but kept the minimum reserve requirements unchanged for both leu and foreign currency deposits.
It also revised sharply down its inflation forecast to 2.2% this year from 3.3% previously, saying the inflation rate is expected to decelerate at a faster pace than initially estimated. The forecast on the 2015 year-end inflation was also revised down to 3%, from 3.3% previously envisaged. The average annual inflation is seen at 1.4% this year and at 2.4% in 2015.