CNB cuts interest rates

At its meeting today, the CNB Bank Board lowered the two-week repo rate (2W repo rate) by 0.5 percentage point to 4.75%. At the same time, it lowered the discount rate by the same amount to 3.75% and the Lombard rate to 5.75%. The new interest rate levels come into effect on 28 June 2024.

A press conference for accredited journalists attended by Governor Aleš Michl will be held at 3.45 p.m. in the Commodity Exchange building, room MP614 (Senovážné náměstí 30, Prague 1).

Accredited journalists must confirm their attendance at the press conference by e-mail (media@cnb.cz) or telephone (+420 224 412 013) by 3 p.m. today.

Jakub Holas
Director of the CNB Communications Division