FX rates 07.05.2024
All FX rates
EUR - 25.005 CZK
USD - 23.223 CZK
GBP - 29.136 CZK

Quarterly information on the CNB’s international reserves

The CNB published today additional data on the breakdown of international reserves, their returns, structure and currency structure as of the end of 2024 Q1 in the Quarterly information on the CNB’s international reserves.

Several perspectives on the different development of goods and services prices

The analysis examines inflation in two important categories of consumer basket items – services and goods. After the pandemic period, when prices of services increased more slowly than prices of goods, the gap between their growth rates is returning to its long-term positive average, which is in line with the historical norm. Prices of most services are currently rising. Overall, they were dampened by the high-weight imputed rent. Services prices thus pose a moderate medium-term risk due to a recovery in the property market. Published as part of Monetary Policy Report – Spring 2024. Authors: Jan Šolc, Natálie Tomanová

Effects of general government investment on inflation

The impact of general government investment on inflation depends on a range of factors: the time horizon, the position of the economy in the cycle, the manner of financing, the type and duration of investment and other effects. Government investment – especially when focused on promoting economic growth – has the potential to strengthen the supply side of the economy and generate long-term macroeconomic benefits and growth in living standards. Published as part of Monetary Policy Report – Spring 2024. Authors: Jan Brůha, Karel Musil, Zdeněk Pikhart

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.

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).