The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent during its December meeting, despite a jump in domestic inflation to a seven-year high, as policymakers worry about the ongoing weakness in manufacturing production. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively. Meanwhile, Governor Jiri Rusnok said at a press conference that the central bank may be closer to raising interest rates again if the Eurozone economy recovers from the recent slowdown.
Interest Rate in Czech Republic averaged 4.77 percent from 1995 until 2019, 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.
Interest Rate in Czech Republic is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Czech Republic to stand at 2.00 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.