The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25% on March 24th of 2021, as expected after inflation eased to a 16-month low of 2.1% in February, within the central bank’s 1% - 3% tolerance band. In 2020, the central bank cut rates by 200bps to support the economy hit by the coronavirus outbreak. The bank now expects the economy to advance 2.2% in 2021, 0.5 percentage points above previous forecasts, following an upwardly revised 5.8% contraction in 2020. The Lombard rate and the discount rate were also kept at 1% and 0.05%, respectively. source: Czech National Bank
Interest Rate in Czech Republic averaged 4.60 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 April of 2021.
Interest Rate in Czech Republic is expected to be 0.25 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 0.50 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 1.50 percent in 2022 and 1.75 percent in 2023, according to our econometric models.