FX rate declared by the CNB for 25/7/2025
EUR - 24.540 CZK
USD - 20.931 CZK

Global Economic Outlook 7/2025 is out now

The July issue of the quarterly Global Economic Outlook presents a regular overview of recent and expected developments in selected territories. The analytical section of this issue focuses on the principles of carbon tariffs (CBAM) and taxes (ETS 2), their impacts on international trade, the social sphere and inflation.

Martin Slouka to head up the Monetary and Financial Statistics Division

Martin Slouka will become Director of the Monetary and Financial Statistics Division of the Czech National Bank’s Research and Statistics Department on 1 August 2025. The Bank Board decided on his appointment at its meeting on 24 July 2025.

Bank lending survey – III/2025

Non-financial corporations’ demand for loans as perceived by banks declined overall and in a small section of the banking market in 2025 Q2. Household demand for housing loans and consumer credit increased again.

Inflation reaches 2.9% in June

The CNB comments on the June 2025 inflation figures

Cases of unauthorised deposit-taking from the public on the rise in the Czech Republic, CNB to tighten sanctions

Only banks or entities with the relevant authorisation are permitted to take deposits from the public in the Czech Republic. However, the Czech National Bank (CNB) is currently recording an increase in cases where other entities are doing so without authorisation. This constitutes very serious unlawful conduct, for which the CNB has already imposed fines amounting to tens of millions of Czech korunas this year. In an effort to protect the public’s money, the central bank is to further tighten its sanctioning policy in this area.

Financial market inflation expectations – June 2025

Thirteen domestic and three foreign analysts took part in the June survey of financial market inflation expectations. The results show that the inflation forecast was unchanged at both the one-year and three-year horizons, remaining very close to the CNB’s 2% inflation target. The view on the domestic economic growth estimate for this year is slightly more optimistic, while the outlook for next year remained unchanged. None of the analysts expected a change in monetary policy at the June CNB Board meeting, and they expect a more gradual easing over the next 12 months. (pdf, 1 MB)

Read CNB Governor Aleš Michl’s selected speeches and interviews in which he explains how the central bank is fighting inflation and what steps it is taking to achieve price stability.

Consumer prices in the Czech Republic are going up at a rate of around 2% a year. Maintaining low, stable and thus predictable inflation is the primary objective of the Czech National Bank.

The CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

Read the CNB’s regular and occasional publications.

By 2028, the Czech National Bank will hold 100 tonnes of gold – the most in its history – in its international reserves, gradually rebuilding the nation’s gold reserves. Why gold?

Payments are an essential part of our daily lives, and instant payments allow you to send money without the wait. How exactly do they work, and how can they make your life easier? Read more to find out.

Key rates

2.50%

Discount Rate

3.50%

2W Repo Rate

4.50%

Lombard Rate

Inflation

2.9%

June 2025

CNB current forecast

2.5%

Inflation 2025

2.2%

Inflation 2026

2.0%

GDP 2025

2.1%

GDP 2026

Capital buffer rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIImax rate

Limits on credit ratios

80%

LTV

– –

DTI

– –

DSTI

Golden Rules for Bureau-de-Change Clients

  1. Change money only at designated bureaux de change. Before changing money, carefully read all the information given on the exchange rate list.
  2. The terms “purchase and sale of foreign currency” and the corresponding exchange rates, i.e. the information about the direction of the exchange, are given from the bureau de change’s perspective...

More about ten golden rules