The Czech National Bank raised its benchmark two-week repo rate by 25 basis points to 0.75% on August 5th of 2021, as expected. It follows a hike by a similar margin in the previous meeting and brings borrowing costs to its highest since April 2020. The Lombard rate was also raised by 50 bps to 1.75%, while the discount rate was left unchanged at 0.05%. source: Czech National Bank
Interest Rate in Czech Republic averaged 4.56 percent from 1995 until 2021, reaching an all time high of 39 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 September of 2021.
Interest Rate in Czech Republic is expected to be 1.00 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 1.75 percent in 2022 and 2.00 percent in 2023, according to our econometric models.