The Czech National Bank maintained its benchamrk two-week repo rate unchanged at 3.5% in its March 2026 decision, as expected by markets, to stretch the period of holds since the rate cut in May of last year. The Bank Board noted that underlying inflation has been close to the 2% target for over two years now, reflecting the appropriate level for financial conditions. Additionally, the Monetary Department's baseline scenario has headline inflation remain belw 2% this year depending on the eventual normalization of energy prices that have spiked since the start of conflict in the Middle East this month. The CNB noted that the uncertain outlook warrants openess to different policy responses, aligned with the rhetoric of other central banks in Europe. source: Czech National Bank

The benchmark interest rate in Czech Republic was last recorded at 3.50 percent. Interest Rate in Czech Republic averaged 4.61 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 April 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
2025-12-18 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% 3.5% 3.5% 3.5%
2026-05-07 12:30 PM CNB Interest Rate Decision 3.5%
2026-06-18 12:30 PM CNB Interest Rate Decision
2026-08-06 12:30 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 11760195.78 11713462.08 CZK Million Feb 2026
Cash Reserve Ratio 4.00 4.00 percent Feb 2026
Central Bank Balance Sheet 3773247.12 3743260.57 CZK Million Feb 2026
Deposit Interest Rate 2.50 2.50 percent Mar 2026
Foreign Exchange Reserves 181096.90 181731.40 USD Million Feb 2026
CNB Interest Rate 3.50 3.50 percent Mar 2026
Lending Rate 4.50 4.50 percent Mar 2026
Loans to Private Sector 1543507.91 1519749.17 CZK Million Feb 2026
Money Supply M0 707418.00 707087.00 CZK Million Feb 2026
Money Supply M1 5806110.98 5761943.52 CZK Million Feb 2026
Money Supply M2 7130432.60 7054547.57 CZK Million Feb 2026
M3 Money Supply YoY 7445301.55 7345005.40 CZK Million Feb 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
3.50 3.50 39.00 0.05 1995 - 2026 percent Daily

News Stream
Czech Bank Holds Rate as Expected
The Czech National Bank maintained its benchamrk two-week repo rate unchanged at 3.5% in its March 2026 decision, as expected by markets, to stretch the period of holds since the rate cut in May of last year. The Bank Board noted that underlying inflation has been close to the 2% target for over two years now, reflecting the appropriate level for financial conditions. Additionally, the Monetary Department's baseline scenario has headline inflation remain belw 2% this year depending on the eventual normalization of energy prices that have spiked since the start of conflict in the Middle East this month. The CNB noted that the uncertain outlook warrants openess to different policy responses, aligned with the rhetoric of other central banks in Europe.
2026-03-19
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