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. source: Czech National Bank

The benchmark interest rate in Czech Republic was last recorded at 3.75 percent. Interest Rate in Czech Republic averaged 4.61 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 August 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 4.00 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
2026-05-07 12:30 PM CNB Interest Rate Decision 3.5% 3.5% 3.5% 3.5%
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%
2026-11-05 01:30 PM CNB Interest Rate Decision
2026-12-17 01:30 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 12095336.70 11983538.56 CZK Million Jun 2026
Cash Reserve Ratio 4.00 4.00 percent Jul 2026
Central Bank Balance Sheet 3870367.34 3822426.70 CZK Million Jun 2026
Deposit Interest Rate 2.75 2.75 percent Aug 2026
Foreign Exchange Reserves 181047.60 180592.90 USD Million Jul 2026
CNB Interest Rate 3.75 3.75 percent Aug 2026
Lending Rate 4.75 4.75 percent Aug 2026
Loans to Private Sector 1620669.60 1582515.10 CZK Million Jun 2026
Money Supply M0 715631.00 716943.00 CZK Million Jun 2026
Money Supply M1 6026726.51 5956609.46 CZK Million Jun 2026
Money Supply M2 7261008.89 7240709.85 CZK Million Jun 2026
M3 Money Supply YoY 7609575.92 7570621.17 CZK Million Jun 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 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
Czech National Bank Leaves Key Rate Steady at 3.5%
The Czech National Bank kept its two-week repo rate unchanged at 3.5% in April 2026, as widely expected, reinforcing a cautious policy stance. Policymakers said the decision aims to keep headline inflation close to the 2% target over the monetary policy horizon amid elevated uncertainty from the conflict in the Middle East. Preliminary data showed headline inflation accelerated for a second month in April, reaching a six-month high of 2.5% and edging above the central bank’s 2% target. Inflation is expected to remain in the upper half of the central bank’s tolerance band for the rest of this year, due to rising fuel prices, averaging 2.2%, before edging up to 2.4% next year. Core inflation will also stay elevated, moving around 3%. Meanwhile, the GDP is projected to grow 2.5% this year, accelerating to 2.7% next year.
2026-05-07