The bank expects a similar year-end inflation rate in 2015. The 2015 figure was revised up from 3.2% initially envisaged.
On Tuesday, the bank approved its latest quarterly inflation report, which will be released on May 8.
The report shows the annual inflation rate will fluctuate inside the central bank’s target range of 1.5%-3.5% starting with the second half of 2014, the bank said in a statement.
“Upside risks stem mainly from external factors, such as fluctuations in investor appetite for risky assets on the backdrop of the recent geopolitical evolutions, as well as the ongoing cross-border deleveraging across the banking system and the effects of monetary policy stance adjustments by major central banks,” the statement noted.
Romania’s inflation eased for the fifth straight month to a fresh record low of 1.04% in March, from 1.05% a month earlier.
“The disinflation process remained in line with our previous projections, thus validating our earlier monetary policy stance adjustments,” the central bank said.
The bank has lowered its main lending rate by a cumulative 200 basis points between July 2013 and March this year. Tuesday, the institution has kept the key rate unchanged at 3.5% for the second consecutive meeting.