Did you know...
that the Czech National Bank switched to inflation targeting in 1998? The inflation target – set in terms of headline inflation of 2% – is in effect from January 2010. The CNB strives to ensure that actual inflation does not differ by more than one percentage point in either direction from this target.
In November 2013, the Czech National Bank decided to use the koruna exchange rate as an additional instrument for easing the monetary conditions. Since then, the Bank Board has repeatedly confirmed the validity of this exchange rate commitment. At its most recent meeting on 31 March 2016, the Bank Board stated again that the CNB would not discontinue the use of the exchange rate as a monetary policy instrument before 2017. The Bank Board considers it likely that the commitment will be discontinued nearer to mid-2017.
- Current statement of the Bank Board following the monetary policy meeting of 31 March 2016
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
29 Apr 2016Banking statistics
29 Apr 2016National monetary survey
25 Apr 2016CNB balance sheet
25 Apr 2016Administrator’s notification
5 May 2016 CNB balance sheet
6 May 2016 CNB foreign exchange transactions