The central bank left its deposit facility rate unchanged at 0.75% a year and its lending facility rate at 1.75% a year.
It also decided to maintain minimum reserve requirements for local currency deposits at 8% and reserve requirements on foreign currency liabilities at 5%.
Inflation in Romania is set to exceed 4% in the second half of this year, exiting the central bank’s target band of 1.5%-3.5%.
Central bank governor Mugur Isarescu said recently that local interest rates were at historically low levels. He added interest rates were “likely to remain low as we manage to keep the inflation under control”.
Romania’s central bank lowered the monetary policy rate successively from 2.5% in March 2020 to 1.25% at present.