The Czech National Bank raised its benchmark two-week repo rate by 125 basis points to 7% on June 22nd of 2021, more than market expectations of 100 basis points and bringing the borrowing cost to the highest since 1999. It follows a 75bps rate hike in May, as policymakers try to tame price pressures. The annual inflation rate hit 16% in May, the highest since 1993. At the same time, the central bank increased the discount rate by the same amount to 6.00% and the Lombard rate to 8.00%. source: Czech National Bank

Interest Rate in Czech Republic averaged 4.54 percent from 1995 until 2022, 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. Czech Republic Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Interest Rate in Czech Republic is expected to be 7.00 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 9.25 percent in 2023 and 7.00 percent in 2024, according to our econometric models.

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Czech Republic Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-31 12:30 PM CNB Interest Rate Decision 5% 4.5% 5%
2022-05-05 12:30 PM CNB Interest Rate Decision 5.75% 5% 5.5% 5.5%
2022-06-22 12:30 PM CNB Interest Rate Decision 7% 5.75% 6.75% 6.5%
2022-08-04 01:00 PM CNB Interest Rate Decision 7% 7.5%
2022-09-29 01:00 PM CNB Interest Rate Decision
2022-11-03 01:00 PM CNB Interest Rate Decision


Related Last Previous Unit Reference
Interest Rate 7.00 5.75 percent Jun 2022
Interbank Rate 0.17 0.17 percent Jun 2022
Money Supply M1 4965830.45 5020792.57 CZK Million Apr 2022
Money Supply M0 704837.90 707794.70 CZK Million Apr 2022
Money Supply M2 5741489.17 5739159.78 CZK Million Apr 2022
Foreign Exchange Reserves 167170.00 169100.00 USD Million May 2022
Banks Balance Sheet 9551703.30 9532755.30 CZK Million Mar 2022
Loans to Private Sector 1233999.79 1252291.24 CZK Million Mar 2022
Deposit Interest Rate 4.75 4.00 percent May 2022
Lending Rate 6.75 6.00 percent May 2022
Money Supply M3 5886556.37 5847235.26 CZK Million Apr 2022
Cash Reserve Ratio 2.00 2.00 percent Apr 2022
Central Bank Balance Sheet 3839019.40 3940416.70 CZK Million Mar 2022

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
7.00 5.75 39.00 0.05 1995 - 2022 percent Daily

News Stream
Czech National Bank Hikes Rate to 7%
The Czech National Bank raised its benchmark two-week repo rate by 125 basis points to 7% on June 22nd of 2021, more than market expectations of 100 basis points and bringing the borrowing cost to the highest since 1999. It follows a 75bps rate hike in May, as policymakers try to tame price pressures. The annual inflation rate hit 16% in May, the highest since 1993. At the same time, the central bank increased the discount rate by the same amount to 6.00% and the Lombard rate to 8.00%.
2022-06-22
Czech Republic Surprises Markets with 75bps Rate Hike
The Czech National Bank raised its benchmark two-week repo rate by 75bps to 5.75% on May 5th, 2022, the highest since 1999 and exceeding market expectations of a 50bps increase. The central bank has raised the rate by 550bps since the tightening cycle started in June of 2021, among the fastest paces in Europe, in efforts to curb accelerating consumer prices. Inflation hit a near 24-year high of 12.7% in March, driven by surging energy and food prices due to the war in Ukraine. Meanwhile, the central the CNB also increased the discount rate and Lombard rate by 75bps to 4.75% and 6.75%, respectively.
2022-05-05
Czech National Bank Hikes Interest Rate by 50bps
The Czech National Bank raised its benchmark two-week repo rate by 50bps to 5% on March 31st of 2022, the highest since November of 2001 and in line with expectations. The central bank has raised the rate by 475bps since June of 2021, among the most aggressive tightening cycles in Europe, to curb surging consumer prices. Inflation hit a 24-year high of 11.1% in February, driven by surging energy and food prices, and are expected to rise further due to Russia’s invasion of Ukraine. Meanwhile, the central bank raised the Lombard rate and the discount rate by the same extent to 6% and 4%, respectively.
2022-03-31