The Czech National Bank slashed its benchmark two-week repo rate by 75bps to 0.25 percent on May 7th of 2020, to cushion the economic blow of the coronavirus and defying market expectations of a smaller 25bps reduction. It follows a cut by a similar margin in the previous meeting and brings borrowing costs to its lowest since September of 2017. At the same time, it lowered the Lombard rate to 1 percent while the discount rate remained unchanged at 0.05 percent.
Interest Rate in Czech Republic averaged 4.73 percent from 1995 until 2020, 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 2020.
Interest Rate in Czech Republic is expected to be 0.50 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 0.25 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 1.00 percent in 2021 and 1.75 percent in 2022, according to our econometric models.