The Czech National Bank raised its benchmark two-week repo rate by 25 basis points to 0.50% on June 23rd of 2021, as expected. It was the first tightening move from the CNB Board since February of 2020, as headline inflation hovered the upper limit of the central bank’s 1% - 3% tolerance range in the previous two months. In May, consumer prices advanced 2.9% from a year earlier, mostly due to prices of automobiles, auto fuels and lubricants. Policymakers have said they aimed at preventing global factors, such as supply chain issues and commodity prices, from pushing headline inflation rates above the upper limit of its tolerance band. The Lombard rate was also raised by 25 bps to 1.25%, while the discount rate was left unchanged at 0.05%. source: Czech National Bank
Interest Rate in Czech Republic averaged 4.57 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 July of 2021.
Interest Rate in Czech Republic is expected to be 0.75 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 1.50 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 1.75 percent in 2022 and 2.00 percent in 2023, according to our econometric models.