Serbia central bank indicated that it might resume monetary tightening if needed, either by raising the key rate or utilizing alternative measures such as increasing the weighted-average interest rate at reverse repo tenders. The bank projects that end-year inflation will slow to around 8%, with a return to the 1.5%-4.5% tolerance band expected by mid-2024. Rising exports and robust FDI have helped reduce the current account deficit, with a 2023 growth forecast between 2% and 3%.