FX rates 14.03.2025
All FX rates
EUR - 25.015 CZK
USD - 22.963 CZK
GBP - 29.709 CZK

Michaela Kozáková to head internal audit at the CNB

Michaela Kozáková will become Executive Director of the Internal Audit Department of the Czech National Bank with effect from 1 April 2025. She was appointed to this position by the Bank Board on 13 March 2025 on the basis of an internal selection procedure.

Stanislav Tvrz to head the Economic Modelling Division

Stanislav Tvrz has been appointed Director of the Economic Modelling Division of the Research and Statistics Department with effect from 17 March 2025. At its meeting on 13 March, the Bank Board confirmed his appointment to this role, which he had been performing in an acting capacity since 1 January 2025, when the Research and Statistics Department was established.

Inflation decreases to 2.7% in February

The CNB comments on the February 2025 inflation figures

CNB WP 2/2025 – Forecasting Disaggregated Producer Prices: A Fusion of Machine Learning and Econometric Techniques

This study introduces an innovative framework for forecasting disaggregated producer prices by integrating advanced machine learning techniques with traditional econometric models. Recognizing the complexity and heterogeneity of pricing dynamics across euro area sectors, the study advocates a tailored approach that combines multiple forecasting methods to effectively capture distinct sector-specific behaviors.

Financial market inflation expectations – February 2025

Thirteen domestic and three foreign analysts once again contributed to the February survey of financial market inflation expectations. The results show that analysts expect a slower pace of inflation at the one-year horizon, against a backdrop of lower-than-expected economic growth this year and the next. In addition, the prevailing opinion is that the CNB Bank Board will not change key interest rates at its March meeting. (pdf, 1 MB)

Central Bank Monitoring to merge with Global Economic Outlook

Central Bank Monitoring will be incorporated into Global Economic Outlook starting from 2025. The first extended edition of Global Economic Outlook will come out in April.

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%

February 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

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