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.