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.