The Czech National Bank raised its benchmark two-week repo rate by 25bps to 1.75 percent on November 1st 2018, as widely expected. The move follows a 25bps hike in the September meeting and leaves the interest rate at its highest level since May 2009. Also, the lombard rate and the discount rate were increased by 25bps to 2.75 percent and to 0.75 percent, respectively. The annual inflation rate fell to 2.3 percent in September from 2.5 percent in August, still pressures remain strong driven by buoyant wage growth. Inflation is projected to rose further early next year and will approach to the central bank’s target of 2 percent in late 2019 and beginning of 2020. In the short term, inflation pressures are expected to ease amid growth in interest rates, renewed appreciation of the currency and a slowdown in wage growth. The Committee noted that the economy growth slowed and it is projected to stay above 3 percent on average this year and in the following two years. Interest Rate in Czech Republic averaged 4.89 percent from 1995 until 2018, reaching an all time high of 39 percent in June of 1997 and a record low of 0.05 percent in November of 2012.

Interest Rate in Czech Republic is expected to be 1.75 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 2.00 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.

Czech Republic Interest Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-06-27 11:00 AM CNB Interest Rate Decision 1.00% 0.75% 0.75% 0.75%
2018-08-02 11:00 AM CNB Interest Rate Decision 1.25% 1% 1.25% 1.25%
2018-09-26 11:00 AM CNB Interest Rate Decision 1.5% 1.25% 1.5% 1.25%
2018-11-01 12:00 PM CNB Interest Rate Decision 1.75% 1.5% 1.75% 1.75%
2018-12-20 12:00 PM CNB Interest Rate Decision 1.75% 1.75% 1.75%


Czech Republic Money Last Previous Highest Lowest Unit
Interest Rate 1.75 1.50 39.00 0.05 percent [+]
Interbank Rate 0.17 0.17 27.63 0.15 percent [+]
Money Supply M0 561588.90 563525.60 563525.60 31400.00 CZK Million [+]
Money Supply M1 3901296.90 3887002.95 3903174.35 699289.59 CZK Million [+]
Money Supply M2 4337314.02 4304047.03 4337314.02 1326829.94 CZK Million [+]
Foreign Exchange Reserves 141362.00 140740.50 152085.37 545.00 USD Million [+]
Banks Balance Sheet 7629706.00 7626900.00 7629706.00 1097835.00 CZK Million [+]
Loans to Private Sector 1117328.00 1104038.10 1117328.00 425332.80 CZK Million [+]
Deposit Interest Rate 0.05 0.05 13.00 0.05 percent [+]
Lending Rate 2.75 2.50 50.00 0.25 percent [+]
Private Debt to GDP 139.10 140.10 148.30 120.70 percent [+]
Money Supply M3 4491444.24 4456276.59 4491444.24 1339928.85 CZK Million [+]
Cash Reserve Ratio 2.00 2.00 11.50 2.00 percent [+]
Central Bank Balance Sheet 3190045.00 3214948.30 3382429.60 622724.60 CZK Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.50 39.00 0.05 1995 - 2018 percent Daily




Country Last Previous
Argentina 59.16 Dec/18
Turkey 24.00 Dec/18
Mexico 8.00 Nov/18
Russia 7.75 Dec/18
South Africa 6.75 Nov/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Nov/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Nov/18
Switzerland -0.75 Dec/18


Related

Latest