Did you know...
that the Czech National Bank is not allowed to seek or take instructions from the President of the Czech Republic, from Parliament, from the government, from administrative authorities or from any other body? This guarantees its independence.
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 4 August 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 in mid-2017.
- Current statement of the Bank Board following the monetary policy meeting of 4 August 2016
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
31 Aug 2016 Banking statistics
31 Aug 2016 National monetary survey