It willingness and/or ability to do so seems to have evaporated this week, with the leu suddenly falling to 5.09 on Tuesday. At pixel time it is at 5.124, and falling.

WARSAW, May 20 (Reuters) - The Romanian leu pulled back on Tuesday, halting a post-election rally as the central bank said a rate cut could still come later this year. By 0945 GMT the Romanian leu ...

The leu’s real appreciation has been especially pronounced in recent years, rising by 18.5% over the past three years alone: 4.5% in 2022, 7.3% in 2023, and 4.6% in 2024.

Romanian leu as managed float regime has not been broadly commented on day-to-day basis. Romanian currency was unusually stable since 2022, with nominal depreciation below 1.0% per year, on average.

The Romanian leu pulled back on Tuesday, halting a post-election rally as the central bank said a rate cut could still come later this year. Romanian central bank Governor Mugur Isarescu on Tuesday, ...