Serbia’s central bank has maintained its benchmark interest rate at 6.5%, marking the eighth consecutive month of this rate, as it anticipates inflation will align with its target range by year-end. Following significant rate hikes totaling 550 basis points from April 2022 to July 2023 to counter inflation, the bank now forecasts inflation will stabilize within its 1.5%-4.5% target band mid-year and approach 3% by end-2024. Current expectations suggest the rate will remain unchanged at least until May, influenced by the broader monetary policy environment and domestic inflationary trends.