FX rate declared by the CNB for 4/8/2026
EUR - 24.200 CZK
USD - 21.017 CZK

Attendance of CNB Bank Board members at the monetary policy meeting on 6 August 2026

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 6 August 2026.

New AI Division to be established in the Information Systems Department

A new AI Division will be established in the Information Systems Department of the Czech National Bank (CNB). Its objective is to accelerate the deployment of artificial intelligence and machine learning (AI/ML) solutions and support the central bank’s further development in innovative technologies. The division will be headed by Janis Aliapulios, currently an adviser to the CNB Bank Board. The decision was taken by the CNB Bank Board at its meeting on 30 July 2026 and will take effect on 1 August 2026.

CNB RB 3/2026 – Economic and Financial Effects of Rising Defense Spending

A new CNB research brief (authored by Boermans, Hodula and Simpartl) examines the economic and financial effects of rising defence spending in Europe. The authors show that higher defence spending has historically been associated with a quick rise in output, while inflationary pressures emerge with a delay of two to three years. In countries with a smaller share of domestic production and greater reliance on imports, part of the demand accrues to foreign producers and domestic price pressures tend to be more subdued. The study also devotes particular attention to the position of the Czech Republic and to how financial markets have responded to rising defence spending.

Bank lending survey – III/2026

Demand for loans increased in 2026 Q2 for both households and corporations. Credit standards for housing loans were tightened across the board as a result of the implementation of the CNB Recommendation.

CNB WP 11/2026 – Drying Up: The Effect of Drought on Corporate Loans with AnaCredit Data

The article by Janků, Karhánek, Malovaná and Trubelík shows that chronic drought can affect bank financing of firms. Based on granular credit data from the AnaCredit database and district-level data on agricultural drought-related losses, the authors find that long-term exposure to drought is associated with an approximately 12% decline in newly provided corporate loans. The effects are most pronounced for new loans and vary depending on the number of a firm’s banking relationships, the type of credit, and the sector.

CNB RB 2/2026 – Artificial Intelligence and Labour in Czechia: Who Is Affected?

We show that AI exposure in the Czech labour market is sizeable, but highly uneven. Using occupational AI exposure mapped to worker-level microdata, we find that around one quarter of tasks associated with Czech employees’ occupations can be supported, performed, or transformed by AI. Exposure is concentrated in larger urban areas, information-intensive sectors, and higher-wage jobs.

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 Lab innovation hub is a platform that brings together the central bank’s activities in the area of innovation and modern technologies. It provides a single point of access to information on projects focused on artificial intelligence, digital assets testing and the future of payments.

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.

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

Key rates

2.75%

Discount rate

3.75%

2W repo rate

4.75%

Lombard rate

Inflation

1.5%

June 2026

Current CNB forecast

2.2%

Inflation 2026

2.4%

Inflation 2027

2.5%

GDP 2026

2.7%

GDP 2027

Capital buffer
rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIIBmax rate

Limits
on credit ratios

80%

LTV

– –

DTI

– –

DSTI

Recommendations
for investment mortgages

70%

LTV Investment

7x

DTI Investment

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