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.