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.


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Czech Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 39.00 0.05 1995 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-08-01 11:00 AM 2% 2% 2% 2%
2019-09-25 11:00 AM 2% 2% 2% 2%
2019-11-07 12:30 PM 2% 2% 2% 2%
2019-12-18 12:00 PM 2% 2% 2% 2%
2020-02-06 12:00 PM 2% 2%


News Stream
2019-11-07
Czech Republic Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on November 7th 2019, as widely expected. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.

2019-09-25
Czech Republic Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on September 25th 2019, as expected after inflation came in at 2.9 percent, the top of the central bank’s 1%-3% tolerance band. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.

2019-08-01
Czech Republic Leaves Monetary Policy Unchnaged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on August 1st 2019, as expected after inflation rate fell to a four-month low of 2.7 percent in June, the top of the central bank’s 1%-3% tolerance band. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.

2019-06-26
Czech Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on June 26th 2019, as expected after inflation rate unexpectedly edged up to 2.9 percent in May. It follows a 25bps hike in the previous meeting. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively.

2019-05-02
Czech Republic Hikes Key Rate to 2%
The Czech National Bank raised its benchmark two-week repo rate by 25bps to 2 percent on May 2nd 2019, as widely expected, bringing borrowing costs to the highest level since February 2008. Also, the Lombard rate and the discount rate were lifted by 25bps to 3 percent and to 1 percent, respectively. The annual inflation rate rose to 3 percent in March from 2.7 percent in February, in line with the central bank predictions of higher inflation.

2019-03-28
Czech Republic Holds Rates Despite Rising Inflation
The Czech National Bank held its benchmark two-week repo rate unchanged at 1.75 percent during its March meeting, as widely expected, after inflation climbed to a 16-month high of 2.7 percent in February, above the 2 percent mid-point target. The Lombard rate and the discount rate were also kept at 2.75 percent and 0.75 percent, respectively.


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.

Czech Republic Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 39.00 0.05 percent [+]
Interbank Rate 0.17 0.17 27.63 0.15 percent [+]
Money Supply M0 597817.80 594629.60 597817.80 31400.00 CZK Million [+]
Money Supply M1 4117742.91 4079627.07 4117742.91 699289.59 CZK Million [+]
Money Supply M2 4725517.24 4681213.57 4725517.24 1326829.94 CZK Million [+]
Foreign Exchange Reserves 149712.87 146580.21 152085.37 545.00 USD Million [+]
Banks Balance Sheet 8125079.40 8111915.00 8125079.40 1097835.00 CZK Million [+]
Loans to Private Sector 1158626.70 1157001.70 1158626.70 425332.80 CZK Million [+]
Deposit Interest Rate 1.00 1.00 13.00 0.05 percent [+]
Lending Rate 3.00 3.00 50.00 0.25 percent [+]
Private Debt to GDP 138.40 138.80 148.30 120.70 percent [+]
Money Supply M3 4832979.67 4805625.22 4832979.67 1339928.85 CZK Million [+]
Cash Reserve Ratio 2.00 2.00 11.50 2.00 percent [+]
Central Bank Balance Sheet 3429902.20 3397030.90 3432430.60 622724.60 CZK Million [+]