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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Czech Republic Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-05 12:30 PM 5.75% 5% 5.5% 5.5%
2022-06-22 12:30 PM 7% 5.75% 6.75% 6.5%
2022-08-04 12:30 PM 7% 7% 7% 7.5%
2022-09-29 01:00 PM 7%
2022-11-03 01:00 PM
2022-12-21 01:00 PM


Related Last Previous Unit Reference
Interest Rate 7.00 7.00 percent Aug 2022
Interbank Rate 0.17 0.17 percent Aug 2022
Money Supply M1 4961913.10 5011403.88 CZK Million Jun 2022
Money Supply M0 691755.50 698852.90 CZK Million Jun 2022
Money Supply M2 5801927.79 5822815.77 CZK Million Jun 2022
Foreign Exchange Reserves 147512.00 154633.28 USD Million Jul 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
Money Supply M3 5939663.12 5963436.72 CZK Million Jun 2022
Lending Rate 6.75 6.00 percent May 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 7.00 39.00 0.05 1995 - 2022 percent Daily

News Stream
Czech Republic Holds Rate at 7% as Expected
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.
2022-08-04
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