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. source: Czech National Bank

The benchmark interest rate in Czech Republic was last recorded at 3.50 percent. Interest Rate in Czech Republic averaged 4.62 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 February 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 3.25 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 3.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-06 01:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
2025-12-18 01:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
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% 3.25%
2026-05-07 12:30 PM CNB Interest Rate Decision
2026-06-18 12:30 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 11416077.60 11575540.70 CZK Million Dec 2025
Cash Reserve Ratio 4.00 4.00 percent Dec 2025
Central Bank Balance Sheet 3666451.13 3634086.33 CZK Million Dec 2025
Deposit Interest Rate 2.50 2.50 percent Feb 2026
Foreign Exchange Reserves 180665.59 176395.96 USD Million Jan 2026
CNB Interest Rate 3.50 3.50 percent Feb 2026
Lending Rate 4.50 4.50 percent Feb 2026
Loans to Private Sector 1493982.20 1491383.90 CZK Million Dec 2025
Money Supply M0 710052.00 707410.00 CZK Million Dec 2025
Money Supply M1 5794047.60 5703516.30 CZK Million Dec 2025
Money Supply M2 7025014.80 6961943.00 CZK Million Dec 2025
M3 Money Supply YoY 7296064.20 7264627.63 CZK Million Dec 2025


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 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
Czech Central Bank Holds Rates
The Czech National Bank kept its two-week repo rate unchanged at 3.5% in December 2025, in line with market expectations, amid softer-than-expected inflation and prospects of further disinflation in 2026. The government recently approved measures to lower electricity bills for households and companies, a move that could push inflation below the 2% target next year while leaving more disposable income that may fuel services inflation. Governor Aleš Michl has avoided signaling a clear medium-term rate path, reiterating that all options remain open. Several board members, however, have indicated that borrowing costs could remain unchanged throughout next year.
2025-12-18
Czech National Bank Holds Interest Rates Steady
The Czech National Bank left its two-week repo rate unchanged at 3.5% in November 2025, in line with market expectations, marking a fourth straight pause as an easing cycle lost steam amid inflationary pressures from services and wages. Headline inflation rose to 2.5% in October, above forecasts but still within the CNB’s 2% ±1 percentage point target range, while service-sector inflation remained elevated at 4.6%, and wages continued to rise in a rebounding economy. GDP expanded 2.7% year-on-year in Q3, the fastest pace since Q2 2022. The Finance Ministry upgraded its forecasts to 2.4% for 2025 and 2.2% for 2026, citing stronger-than-expected wage growth. The newly elected government has signaled plans for increased fiscal spending, though detailed measures are yet to be unveiled. Against this backdrop, the CNB maintained a cautious, wait-and-see approach, balancing inflationary risks with the need for clarity on the government’s fiscal trajectory.
2025-11-06