The Czech National Bank held its two-week repo rate constant at 7% in its August 4th 2022 meeting, in line with market expectations. The move marked the first time that the central bank held borrowing costs unchanged since the start of its 675bps gradual tightening path in June of 2021. The CNB’s Board also decided that the central bank will use its tools to avert the excessive volatility of the koruna, which touched two-year lows in the second week of July. Annual inflation in the Czech Republic accelerated to a 28-year high of 17.2 percent in June, pressured by surging prices of energy and food, while its Q2 GDP slowed to 0.2% on the quarter. Meanwhile, the central bank also held its discount rate and its Lombard rate steady at 6% and 8%, respectively. source: Czech National Bank
Interest Rate in Czech Republic averaged 4.55 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 August of 2022.
Interest Rate in Czech Republic is expected to be 8.00 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.