He added the trend of the current account deficit remains a matter of concern and said uncertainties are also generated by developments in the euro area and global economies.
The central bank said in a detailed statement the latest assessments reconfirm the outlook for the annual inflation rate to end the year 2019 slightly above the variation band of the 1.5%-3.5% target, before returning and staying in the upper half of the band in the near run.
The central bank kept its benchmark interest rate on hold at 2.5% a year and held rates for deposit and lending facilities unchanged at 1.5% and 3.5%, respectively. It also left minimum reserve requirements on foreign currency liabilities and for leu deposits unchanged at 8%.
The central bank underlined the board’s decisions aim to ensure and preserve price stability over the medium term in a manner conducive to achieving sustainable economic growth and amid safeguarding financial stability. It said a a balanced macroeconomic policy mix and the implementation of structural reforms designed to foster the growth potential over the long term are of the essence in preserving a stable macroeconomic framework and strengthening the capacity of the Romanian economy to withstand potential adverse developments.