FX rate declared by the CNB for 7/8/2026
EUR - 24.265 CZK
USD - 21.039 CZK

Change in the management of the Moravia Regional Division

The Director of the Moravia Regional Division in the Cash and Payments Department resigned from her position with effect from 5 August 2026 and left the Czech National Bank. The CNB Bank Board took note of this decision and, pending the appointment of a new director, entrusted the temporary management of the division to Jakub Žák, Deputy Director of the Bohemia Regional Division in the Cash and Payments Department.

CNB Board decisions

Transcript of the questions and answers from the press conference

Quarterly information on the CNB’s international reserves

The CNB published today additional data on the breakdown of international reserves, their returns, structure and currency structure as of the end of 2026 Q2 in the Quarterly information on the CNB’s international reserves.

The CNB left interest rates unchanged, inflation will temporarily rise to 3% at the start of next year and then return to close to the target

We have published the introductory section of the Monetary Policy Report entitled “The decision, the outlook and associated risks” (together with the boxes and the table of key macroeconomic indicators) a week in advance of the whole Report. The author of this section is Director of the Monetary Policy and Fiscal Analyses Division Zdeněk Pikhart. The whole Report will be published on 14 August 2026.

Financial market inflation expectations – July 2026

Fourteen domestic and two foreign analysts sent in their contributions to the CNB’s regular survey in July. The data obtained suggest that, on average, the view on inflation remains unchanged from the previous survey at both the one-year and three-year horizons. The estimate of domestic economic growth this year is also unchanged, while the outlook for next year is slightly more optimistic. Most analysts expected no change in monetary policy at the CNB Bank Board’s meeting in August. Only one respondent anticipated a 25 basis point increase in the two-week repo rate. Given the relatively stable koruna exchange rate on the foreign exchange market, the analysts had little reason to revise their exchange rate forecasts, so the changes are merely cosmetic.(pdf, 1 MB)

CNB Board decisions

Statement of the Bank Board and presentation for the press conference

Read CNB Governor Aleš Michl’s selected speeches and interviews in which he explains how the central bank is fighting inflation and what steps it is taking to achieve price stability.

Consumer prices in the Czech Republic are going up at a rate of around 2% a year. Maintaining low, stable and thus predictable inflation is the primary objective of the Czech National Bank.

The CNB Lab innovation hub is a platform that brings together the central bank’s activities in the area of innovation and modern technologies. It provides a single point of access to information on projects focused on artificial intelligence, digital assets testing and the future of payments.

By 2028, the Czech National Bank will hold 100 tonnes of gold – the most in its history – in its international reserves, gradually rebuilding the nation’s gold reserves. Why gold?

Payments are an essential part of our daily lives, and instant payments allow you to send money without the wait. How exactly do they work, and how can they make your life easier? Read more to find out.

The CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

Key rates

2.75%

Discount rate

3.75%

2W repo rate

4.75%

Lombard rate

Inflation

1.5%

June 2026

Current CNB forecast

2.0%

Inflation 2026

2.5%

Inflation 2027

2.2%

GDP 2026

2.7%

GDP 2027

Capital buffer
rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIIBmax rate

Limits
on credit ratios

80%

LTV

– –

DTI

– –

DSTI

Recommendations
for investment mortgages

70%

LTV Investment

7x

DTI Investment

Golden Rules for Bureau-de-Change Clients

  1. Change money only at designated bureaux de change. Before changing money, carefully read all the information given on the exchange rate list.
  2. The terms “purchase and sale of foreign currency” and the corresponding exchange rates, i.e. the information about the direction of the exchange, are given from the bureau de change’s perspective...

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