FX rate declared by the CNB for 11/7/2025
EUR - 24.665 CZK
USD - 21.109 CZK

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)

New Bohemian Regional Division to be established within the CNB’s Cash and Payments Department

The Czech National Bank (CNB) is continuing to implement changes in the Cash and Payments Department, aimed at significantly speeding up and simplifying client services. With effect from 1 July 2025, a new Bohemian Regional Division will be established, headed by the current Director of the CNB’s Prague branch Vladislav Jetenský. The Bank Board made this decision at its meeting on 20 March 2025.

Payment statistics for 2024 H2

The CNB has published a detailed commentary on payment statistics for 2024 H2. It covers above all data on non-cash transactions such as the number of cards, outgoing payments and direct debits, the number of card transactions using terminals, the volume of credit transfers and the volume of ATM withdrawals. However, it also includes data on over-the-counter cash withdrawals and deposits.

cnBlog – Capital outflow: Threat or catalyst for economic growth?

While foreign ownership of Czech firms is often discussed in the Czech Republic, capital outflows to other countries frequently go unnoticed. This article offers a fresh perspective on the dynamics of the Czech Republic’s external balance, drawing on the experiences of the United States and Germany. It examines when foreign investment by Czech firms can support the domestic economy and when it may weaken it. The analysis shows that success is not just about the numbers, but also about the motivation, strategy, and structure of the investment. Discover a new perspective on the Czech Republic’s role in the global economy.

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