FX rates 03.05.2024
All FX rates
EUR - 25.025 CZK
USD - 23.283 CZK
GBP - 29.238 CZK

Financial market inflation expectations – April 2024

Fourteen domestic and three foreign analysts took part in the April survey of financial market inflation expectations. The data reveal that the one-year inflation forecast has also increased slightly amid slightly higher expected economic activity this year. The economic growth outlook for next year and the three-year inflation outlook remain unchanged. In the April survey, a large majority of respondents expected the 2W repo rate to fall by 50 basis points to 5.25% at the CNB Bank Board meeting in May. (pdf, 960 kB)

CNB Board decisions

Transcript of the questions and answers from the press conference

Inflation will stay close to the CNB’s 2% target over the entire forecast horizon

We have published the introductory section of the Monetary Policy Report entitled “The decision, and the current outlook and its risks” (together with the boxes and the table of key macroeconomic indicators) a week in advance of the whole Report. The author of this section is Director of the Monetary Department Petr král. The whole Report will be published on 10 May 2024.

Zdeněk Pikhart: Challenges for the Czech National Bank in the post-crisis era

Presentation by Director of the Monetary Policy and Fiscal Analyses Division of the CNB Monetary Department Zdeněk Pikhart for the Central European Conference in Finance and Economics 2.0, which was held in Košice on 17 April 2024 (pdf, 1.5 MB).

Bank lending survey – II/2024

Banks’ credit standards for loans to corporations were unchanged in 2024 Q1 and corporate demand for loans fell in line with banks’ expectations. Credit standards for loans for house purchase eased and demand for loans increased further.

Presentation for IMF Annual Meetings – The CNB’s Forecast

Presentation by Bank Board member Karina Kubelková and Director of the External Economic Relations Division of the CNB Monetary Department Luboš Komárek for the conferences held during the 2024 International Monetary Fund Spring Meetings (pdf, 2.1 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.

The older 1995–1999 versions of Czech banknotes have ceased to be legal tender. How can you identify the invalid banknotes most easily and where can you exchange them?

Key rates

4.25%

Discount Rate

5.25%

2W Repo Rate

6.25%

Lombard Rate

1.75%

CCyB
Rate

Inflation

2.0%

March 2024

CNB current forecast

2.3%

Inflation
2024

2.0%

Inflation
2025

1.4%

GDP
2024

2.7%

GDP
2025

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

CNB resumes operation of services at its branches

  • All branches and regional offices of the Czech National Bank will return to full operation, five days a week, from Monday, 14 December 2020.
  • The standard opening hours for CNB clients and the public will be Monday to Friday from 7.30 am to 2.00 pm, with a lunch break from 11.30 am to 12.30 pm.
  • Before your visit, you can check the opening hours for each of our offices on the CNB website (Prague, Brno, Ostrava, Plzeň, Hradec Králové, České Budějovice and Ústí nad Labem).