The Czech National Bank kept its two-week repo rate unchanged at 3.5% in April 2026, as widely expected, reinforcing a cautious policy stance. Policymakers said the decision aims to keep headline inflation close to the 2% target over the monetary policy horizon amid elevated uncertainty from the conflict in the Middle East. Preliminary data showed headline inflation accelerated for a second month in April, reaching a six-month high of 2.5% and edging above the central bank’s 2% target. Inflation is expected to remain in the upper half of the central bank’s tolerance band for the rest of this year, due to rising fuel prices, averaging 2.2%, before edging up to 2.4% next year. Core inflation will also stay elevated, moving around 3%. Meanwhile, the GDP is projected to grow 2.5% this year, accelerating to 2.7% next year. source: Czech National Bank

The benchmark interest rate in Czech Republic was last recorded at 3.50 percent. Interest Rate in Czech Republic averaged 4.61 percent from 1995 until 2026, reaching an all time high of 39.00 percent in June of 1997 and a record low of 0.05 percent in November of 2012. This page provides the latest reported value for - Czech Republic Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The benchmark interest rate in Czech Republic was last recorded at 3.50 percent. Interest Rate in Czech Republic is expected to be 3.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Interest Rate is projected to trend around 3.50 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-05 01:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2026-03-19 01:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2026-05-07 12:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2026-06-18 12:30 PM CNB Interest Rate Decision 3.5%
2026-08-06 12:30 PM CNB Interest Rate Decision
2026-09-17 12:30 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 11894935.40 11760195.78 CZK Million Mar 2026
Cash Reserve Ratio 4.00 4.00 percent Apr 2026
Central Bank Balance Sheet 3742005.32 3773247.12 CZK Million Mar 2026
Deposit Interest Rate 2.50 2.50 percent May 2026
Foreign Exchange Reserves 178314.90 174079.80 USD Million Apr 2026
CNB Interest Rate 3.50 3.50 percent May 2026
Lending Rate 4.50 4.50 percent May 2026
Loans to Private Sector 1553895.60 1543507.91 CZK Million Mar 2026
Money Supply M0 710814.00 707419.00 CZK Million Mar 2026
Money Supply M1 5887279.37 5806060.63 CZK Million Mar 2026
Money Supply M2 7133068.59 7130369.10 CZK Million Mar 2026
M3 Money Supply YoY 7442624.50 7445234.92 CZK Million Mar 2026


Czech Republic Interest Rate
In Czech Republic benchmark interest rate is set by the Czech National Bank (Ceská Národní Bank CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank.
Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 39.00 0.05 1995 - 2026 percent Daily

News Stream
Czech National Bank Leaves Key Rate Steady at 3.5%
The Czech National Bank kept its two-week repo rate unchanged at 3.5% in April 2026, as widely expected, reinforcing a cautious policy stance. Policymakers said the decision aims to keep headline inflation close to the 2% target over the monetary policy horizon amid elevated uncertainty from the conflict in the Middle East. Preliminary data showed headline inflation accelerated for a second month in April, reaching a six-month high of 2.5% and edging above the central bank’s 2% target. Inflation is expected to remain in the upper half of the central bank’s tolerance band for the rest of this year, due to rising fuel prices, averaging 2.2%, before edging up to 2.4% next year. Core inflation will also stay elevated, moving around 3%. Meanwhile, the GDP is projected to grow 2.5% this year, accelerating to 2.7% next year.
2026-05-07
Czech Bank Holds Rate as Expected
The Czech National Bank maintained its benchamrk two-week repo rate unchanged at 3.5% in its March 2026 decision, as expected by markets, to stretch the period of holds since the rate cut in May of last year. The Bank Board noted that underlying inflation has been close to the 2% target for over two years now, reflecting the appropriate level for financial conditions. Additionally, the Monetary Department's baseline scenario has headline inflation remain belw 2% this year depending on the eventual normalization of energy prices that have spiked since the start of conflict in the Middle East this month. The CNB noted that the uncertain outlook warrants openess to different policy responses, aligned with the rhetoric of other central banks in Europe.
2026-03-19
Czech National Bank Leaves Interest Rates Steady
The Czech National Bank kept its two-week repo rate unchanged at 3.5% in February 2026, as widely anticipated, maintaining the level seen since May 2025. Policymakers have repeatedly cited domestic risks, including the budget deficit, rapidly rising service and housing costs, and wage growth, as obstacles to further monetary easing. Meanwhile, headline inflation eased more than expected to a nine-year low of 1.6% in January, down from 2.1% in December, but closely monitored services inflation remained elevated at 4.7%. Czech policymakers may have scope to cut rates this year, though further evidence of easing inflationary pressures will be needed to justify such a move.
2026-02-05