The central bank also kept the minimum reserve requirements unchanged at 15% for Romanian-leu denominated liabilities and at 20% for foreign currency liabilities.

Internal political turbulence and tensions in the euro-zone have prompted the central bank to keep a tight monetary policy, despite inflation easing to record lows this year.

Romania’s annual inflation stabilized at 1.79% in May, after six consecutive months of easing.

The central bank targets an annual inflation of 3% at the end of 2012, plus/minus one percentage point around the band. The bank estimates the annual rate will peak to 3.8% in September before stabilizing at around 3% in the fourth quarter.