The Czech National Bank raised its benchmark two-week repo rate by 75 basis points to 1.50% on September 30th of 2021, above market expectations of a 25 basis points increase. It was the first 75 basis points increase since the tightening started in June of 2021, as headline inflation accelerated to 4.1 percent in August of 2021 (from 3.4 percent in July) above the upper limit of the central bank’s 1% - 3% tolerance range. The Lombard rate was also raised by 75 bps to 2.5%, while the discount rate increased to 0.5% from 0.05%. source: Czech National Bank

Interest Rate in Czech Republic averaged 4.54 percent from 1995 until 2021, 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 October of 2021.

Interest Rate in Czech Republic is expected to be 1.50 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 2.25 percent in 2022, according to our econometric models.

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Czech Republic Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-23 12:30 PM 0.5% 0.25% 0.5% 0.5%
2021-08-05 12:30 PM 0.75% 0.5% 0.75% 0.75%
2021-09-30 12:30 PM 1.5% 0.75% 1.25% 1%
2021-11-04 01:30 PM 1.5% 1.75%
2021-12-22 01:30 PM


Related Last Previous Unit Reference
Interest Rate 1.50 0.75 percent Sep/21
Interbank Rate 0.17 0.17 percent Oct/21
Money Supply M1 5211267.80 5202020.50 CZK Million Aug/21
Money Supply M0 689070.60 690767.20 CZK Million Aug/21
Money Supply M2 5585530.34 5564521.60 CZK Million Aug/21
Foreign Exchange Reserves 170397.86 171174.30 USD Million Sep/21
Banks Balance Sheet 9114932.70 9049818.00 CZK Million Aug/21
Loans to Private Sector 1171368.66 1156203.22 CZK Million Aug/21
Deposit Interest Rate 0.50 0.05 percent Sep/21
Lending Rate 2.50 1.75 percent Sep/21
Cash Reserve Ratio 2.00 2.00 percent Sep/21
Money Supply M3 5679147.63 5660163.44 CZK Million Aug/21
Central Bank Balance Sheet 3715295.70 3620454.60 CZK Million Aug/21

News Stream
Czech Republic Hikes Key Rates More than Expected
The Czech National Bank raised its benchmark two-week repo rate by 75 basis points to 1.50% on September 30th of 2021, above market expectations of a 25 basis points increase. It was the first 75 basis points increase since the tightening started in June of 2021, as headline inflation accelerated to 4.1 percent in August of 2021 (from 3.4 percent in July) above the upper limit of the central bank’s 1% - 3% tolerance range. The Lombard rate was also raised by 75 bps to 2.5%, while the discount rate increased to 0.5% from 0.05%.
2021-09-30
Czech Republic Hikes Key Rates as Expected
The Czech National Bank raised its benchmark two-week repo rate by 25 basis points to 0.75% on August 5th of 2021, as expected. It follows a hike by a similar margin in the previous meeting and brings borrowing costs to its highest since April 2020. The Lombard rate was also raised by 50 bps to 1.75%, while the discount rate was left unchanged at 0.05%.
2021-08-05
Czech Republic Hikes Key Rates as Expected
The Czech National Bank raised its benchmark two-week repo rate by 25 basis points to 0.50% on June 23rd of 2021, as expected. It was the first tightening move from the CNB Board since February of 2020, as headline inflation hovered the upper limit of the central bank’s 1% - 3% tolerance range in the previous two months. In May, consumer prices advanced 2.9% from a year earlier, mostly due to prices of automobiles, auto fuels and lubricants. Policymakers have said they aimed at preventing global factors, such as supply chain issues and commodity prices, from pushing headline inflation rates above the upper limit of its tolerance band. The Lombard rate was also raised by 25 bps to 1.25%, while the discount rate was left unchanged at 0.05%.
2021-06-23

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.