The central bank also cut its inflation estimate for 2012 to 3.5%, from 3.6% previously.
“The inflation indicators are starting to look better and we hope this summer will bring significant improvements,” central bank governor Mugur Isarescu said at the presentation of the quarterly inflation report.
Romanian consumer prices fell 0.29% in June from a month earlier, pushed down by cheaper food items, while the annual inflation eased to 7.93%, from a 33-month high of 8.41% in May.
The July figures are due for release on Wednesday.
Isarescu said volatile prices have declined strongly during May and June, while the weak domestic demand helps to keep inflation in check.
The central bank’s chief said the leu’s volatility has increased since January, but it’s still lower compared with the Polish zloty or the Hungary’s forint.
“The higher volatility seems to be rather tightly connected to the country risk. We’ve seen a slight growth as the fears regarding a possible crisis in the euro area have increased,” Isarescu said.
Last week, the central bank left its main interest rate at a record low of 6.25% a year for the tenth consecutive time. The bank also kept the minimum reserve requirements unchanged at 15% for Romanian-leu denominated liabilities and at 20% for foreign currency liabilities.