After discussing the Autumn 2024 Monetary Policy Report, the Bank Board lowered the two-week repo rate by 0.25 pp. Consistent with the autumn forecast is a continued decline in short-term market interest rates initially, followed by broadly stable rates from mid-2025 onwards. Inflation will briefly rise slightly above the upper boundary of the tolerance band around the target at the turn of the year and will then start to decline gradually towards the 2% target. The Czech economy is returning to growth this year and will accelerate to 2.4% in the next two years.
This Monetary Policy Report was approved by the CNB Bank Board on 14 November 2024 and (with some exceptions) contains the information available as of 31 October 2024.
Monetary Policy Report
- Monetary Policy Report – Autumn 2024 (pdf, 2.4 MB)
- Appendix – The housing market and house prices in the Czech Republic
Chartbook and underlying data
- Chartbook – Autumn 2024 (pdf, 3.6 MB)
- Table of key macroeconomic indicators – Autumn 2024 (xlsx 69 kB)
- Underlying data – Monetary Policy Report (xlsx, 266 kB)
- Underlying data – Chartbook (xlsx, 648 kB)
- Underlying data – Appendix (xlsx, 877 kB)
- Scoreboard – updated methodology (October 2024) (pdf, 1.6 MB)
Presentation for analysts