The revised forecast is slightly below the upper end of the bank’s target range of 1.5%-3.5% for 2013.

The annual inflation eased for a second straight month in March on lower food and non-food prices. The inflation rate slowed to 5.25% at the end of March, from 5.65% in the twelve months through February.

“The rate will probably fall inside the target range in September,” central bank governor Mugur Isarescu told a news conference.

He said fuel prices are expected to grow at a slower pace than previously estimated, while volatile price components should have a negative contribution to the annual inflation over the coming months.