Did you know...
that the CNB Bank Board sets three interest rates: the two-week repo rate, the discount rate and the Lombard rate? Changes in these rates indirectly affect the price of loans in the economy.
In November 2013, the Czech National Bank decided to use the koruna exchange rate as an additional instrument for easing the monetary conditions.
During 2015, the Bank Board repeatedly stated that the CNB would not discontinue the use of the exchange rate as a monetary policy instrument before the second half of 2016. At its most recent meeting on 5 November 2015, the Bank Board discussed extending the duration of the exchange rate commitment. It agreed that its discontinuation would probably shift to around the end of 2016.
- Current statement of the Bank Board following the monetary policy meeting of 5th November 2015
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
27 Nov 2015The CNB comments on the GDP figures
25 Nov 2015The Role of Financial System in Emerging Markets
30 Nov 2015 Banking statistics
30 Nov 2015 National monetary survey