On Thursday, the central bank set the leu’s reference rate versus the euro at 4.5021 units, down 0.23% from 4.49 units a day before.
“With the global risk-off continuing on top of domestic headaches, the RON should continue to soften, possibly eying at first 4.53/EUR over the following weeks. For today, we expect the pair to consolidate above 4.50, possibly inching up towards 4.51,” ING analysts said in a report.
Romania’s central bank on Thursday kept its main monetary policy lending rate unchanged at an all-time low of 1.75% a year, in line with analyst expectations.
The key rate has been unchanged at 1.75% since May 2015.