The Czech National Bank unanimously decided to maintain its two-week repo rate unchanged at 3.75% in September 2026, as expected, pausing for a second straight meeting. Although the annual inflation rate remained below the central bank's target at 1.9% in August, the “elevated” outlook for 2027 warranted “increased caution in monetary policy.” Policymakers cited several sources of inflationary pressure, including resilient domestic demand, strong wage growth, robust credit expansion and an expansionary fiscal stance, partly offset by falling food prices, which are expected to pick up in the coming months. The base effect from energy subsidies is also expected to turn less favourable. Moreover, the fallout from the Iran conflict and elevated energy prices continued to pose significant risks to the inflation outlook. Looking forward, Governor Ales Michl said the Board will likely consider keeping rates steady or raising them at its November meeting. source: Czech National Bank

The benchmark interest rate in Czech Republic was last recorded at 3.75 percent. Interest Rate in Czech Republic averaged 4.60 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 October of 2026.

The benchmark interest rate in Czech Republic was last recorded at 3.75 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
2026-06-18 12:30 PM CNB Interest Rate Decision 3.75% 3.5% 3.75% 3.5%
2026-08-06 12:30 PM CNB Interest Rate Decision 3.75% 3.75% 3.75% 3.75%
2026-09-17 12:30 PM CNB Interest Rate Decision 3.75% 3.75% 3.75% 3.75%
2026-11-05 01:30 PM CNB Interest Rate Decision 3.75% 3.75%
2026-12-17 01:30 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 12223094.50 12120463.60 CZK Million Aug 2026
Cash Reserve Ratio 4.00 4.00 percent Sep 2026
Central Bank Balance Sheet 3868669.60 3834094.88 CZK Million Aug 2026
Deposit Interest Rate 2.75 2.75 percent Sep 2026
Foreign Exchange Reserves 184573.30 180653.40 USD Million Aug 2026
CNB Interest Rate 3.75 3.75 percent Sep 2026
Lending Rate 4.75 4.75 percent Sep 2026
Loans to Private Sector 1651698.40 1629998.00 CZK Million Aug 2026
Money Supply M0 714912.00 714524.00 CZK Million Aug 2026
Money Supply M1 5980455.69 5950952.22 CZK Million Aug 2026
Money Supply M2 7266151.72 7238485.75 CZK Million Aug 2026
M3 Money Supply YoY 7614657.60 7605193.20 CZK Million Aug 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
3.75 3.75 39.00 0.05 1995 - 2026 percent Daily

News Stream
Czech Central Bank Extends Rate Pause
The Czech National Bank unanimously decided to maintain its two-week repo rate unchanged at 3.75% in September 2026, as expected, pausing for a second straight meeting. Although the annual inflation rate remained below the central bank's target at 1.9% in August, the “elevated” outlook for 2027 warranted “increased caution in monetary policy.” Policymakers cited several sources of inflationary pressure, including resilient domestic demand, strong wage growth, robust credit expansion and an expansionary fiscal stance, partly offset by falling food prices, which are expected to pick up in the coming months. The base effect from energy subsidies is also expected to turn less favourable. Moreover, the fallout from the Iran conflict and elevated energy prices continued to pose significant risks to the inflation outlook. Looking forward, Governor Ales Michl said the Board will likely consider keeping rates steady or raising them at its November meeting.
2026-09-17
Czech National Bank Leaves Key Rate Unchanged
The Czech National Bank left its two-week repo rate unchanged at 3.75% in August 2026, pausing after delivering its first interest rate hike since 2022 at the previous meeting. Although headline inflation remained below target for most of the year, policymakers said underlying inflationary pressures persisted, with core inflation remaining elevated and requiring a sufficiently restrictive monetary policy stance. Meanwhile, economic growth slowed to 2% in the second quarter from 2.2%, while the labor market remained tight. The bank also noted that strong credit growth and debt-financed public spending continued to boost money supply. Policymakers raised their inflation forecast, projecting inflation to average 2% this year before accelerating to 2.5% in 2027, while lowering this year's growth forecast to 2.2% from 2.5%. Looking ahead, the CNB said future policy decisions would depend on incoming data, the economic outlook, inflationary risks, and the effects of monetary policy.
2026-08-06
Czech National Bank First Rate Hike Since 2022
The Czech National Bank raised its two-week repo rate to 3.75% in June 2026, the first rate hike since 2022 and signaling the need for tight monetary policy. The move, despite criticism from the prime minister over its impact on lending, was driven mainly by domestic inflation risks, including rising money supply, first-quarter wage growth at highest levels in three years at 8%, a widening fiscal deficit and the impact of the Iran War. While headline inflation eased to 2.1% in May from 2.5% in April, near the upper limit of the banks target of around 2%, core inflation remained elevated holding near 2.9%. At the same time, economic growth is expected to moderate, with activity projected to expand by 2.2% this quarter, down from 2.7% in the previous period. In addition, higher interest rates are likely to increase the demand for the koruna and, if the central bank signals that further tightening may be required to contain inflation, the currency could strengthen further.
2026-06-18