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Attendance of CNB Bank Board members at the monetary policy meeting on 7 May 2025

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 7 May 2025.

Global Economic Outlook 4/2025 is out now

The April issue of the quarterly Global Economic Outlook presents an overview of recent and expected developments in selected territories. The analytical section of this issue focuses on outward foreign direct investment from small open economies based on an analysis of the two largest global investors – the USA and Germany.

CNB WP 5/2025 – Navigating Banking Resilience: Bail-ins & Bailouts in the Czech Banking Sector

How much capital is truly enough to shield banks from default? Understanding this threshold is critical for designing regulatory frameworks that balance financial stability with economic growth. This paper develops a reverse stress testing framework to assess the resilience of the banking sector under extreme credit shocks. It focuses on the conditions under which banks facing distress transition from bail-ins to government bailouts, using the Czech banking sector as a case study.

Bank lending survey – II/2025

Demand for loans increased in all credit market segments in 2025 Q1. Part of the market perceived an increase in corporate demand for loans. Demand for housing loans continued to grow due to expectations of further increases in property prices and a slight decline in mortgage interest rates, in line with the strengthening trend in this market.

Jakub Seidler: Current economic situation and the CNB’s winter forecast

Presentation by CNB Bank Board member Jakub Seidler delivered at meetings with analysts during the Spring Meetings of the International Monetary Fund in Washington, D.C. (pdf, 6 MB)

Integrated Rescue System (IRS) security exercise takes place at CNB headquarters

On Monday 14 April, a planned security exercise of the Integrated Rescue System (IRS) units took place at the Czech National Bank’s headquarters in Prague. Its aim was to test the preparedness and coordination of individual IRS units in dealing with emergencies at a bank. This was one of the exercises regularly organised for the emergency services.

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

2.75%

Discount Rate

3.75%

2W Repo Rate

4.75%

Lombard Rate

Inflation

2.7%

March 2025

CNB current forecast

2.4%

Inflation 2025

2.1%

Inflation 2026

2.0%

GDP 2025

2.4%

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

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