The Czech National Bank raised its benchmark two-week repo rate by 25bps to 2.25 percent on February 6th 2020, surprising markets that expected the rate to be left on hold. The decision comes after annual inflation rate increased to 3.2 percent in December, the highest since October 2012 and well above the central bank's midpoint target of 2 percent. Also, the lombard rate was increased by 25bps to 3.25 percent and the discount rate by 25bps to 1.25 percent. Czech Republic Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Czech Republic averaged 4.76 percent from 1995 until 2020, 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.

Interest Rate in Czech Republic is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Czech Republic to stand at 2.25 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.


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Czech Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.00 39.00 0.05 1995 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 11:00 AM 2% 2% 2% 2%
2019-11-07 12:30 PM 2% 2% 2% 2%
2019-12-18 12:00 PM 2% 2% 2% 2%
2020-02-06 01:00 PM 2.25% 2% 2% 2%
2020-03-26 12:00 PM 2.25% 2.25%
2020-05-07 11:00 AM 2.25%
2020-06-24 11:00 AM 2.25%
2020-08-06 11:00 AM 2.25%


News Stream
Czechia Unexpectedly Hikes Interest Rate to 2.25%
The Czech National Bank raised its benchmark two-week repo rate by 25bps to 2.25 percent on February 6th 2020, surprising markets that expected the rate to be left on hold. The decision comes after annual inflation rate increased to 3.2 percent in December, the highest since October 2012 and well above the central bank's midpoint target of 2 percent. Also, the lombard rate was increased by 25bps to 3.25 percent and the discount rate by 25bps to 1.25 percent.
2020-02-06
Czech Republic Holds Rates Despite Rising Inflation
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent during its December meeting, despite a jump in domestic inflation to a seven-year high, as policymakers worry about the ongoing weakness in manufacturing production. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively. Meanwhile, Governor Jiri Rusnok said at a press conference that the central bank may be closer to raising interest rates again if the Eurozone economy recovers from the recent slowdown.
2019-12-18
Czech Republic Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on November 7th 2019, as widely expected. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.
2019-11-07
Czech Republic Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on September 25th 2019, as expected after inflation came in at 2.9 percent, the top of the central bank’s 1%-3% tolerance band. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.
2019-09-25

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.