FX rates 18.09.2024
All FX rates
EUR - 25.070 CZK
USD - 22.537 CZK
GBP - 29.764 CZK

Attendance of CNB Bank Board members at the monetary policy meeting on 25 September 2024

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 25 September 2024.

CNB WP 5/2024 – Origins of Post-COVID-19 Inflation in Central European Countries

In the past two years, Europe has been hit by an inflationary tsunami. Natálie Dvořáková and Tomáš Šestořád took a closer look at the origins of inflation in the Visegrád Group countries (Czechia, Hungary, Poland, and Slovakia). In the paper, they show that the external environment can only partially explain the high-inflation episode. Domestic supply and demand factors played a significant role, with their varying intensity across countries accounting for the differences in price increases.

Unavailability of data presented using selected CNB applications

Due to necessary maintenance, data presented using selected CNB applications may be unavailable on 18 September 2024 from 5.00 p.m. to around 10.00 p.m.

Central Bank Monitoring III/2024

The majority of the central banks under review, including the ECB, cut their interest rates, and the US Fed announced they would soon be reduced. Spotlight is focused on evolution of monetary policy in Israel, including the reaction of the local central bank to the war with Hamas since last October. In Selected speech, New York Fed President looks at the natural rate of interest, so-called r*, and discusses whether it has gone up in recent years based on available model estimates. (pdf, 698 kB)

Tomáš Adam: Understanding post-Covid inflation in the CEE region and the current CNB policy

Tomáš Adam, an adviser to the CNB Governor, explained in his presentation at the Bloomberg Prague Discovery Day the different inflation developments in Central and Eastern European countries compared to Western countries. He also discussed why the CNB’s monetary policy is tight, although inflation is close to the 2% target. (pdf, 1,2 MB)

Basic indicators of the financial market sectors

Regular quarterly information on individual financial market sectors containing basic aggregate data on the activities of banks, credit unions, insurance companies, investment firms, management companies, investment funds, pension management companies and funds operated by pension management companies as of the end of 2024 Q2.

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.

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

The older 1995–1999 versions of Czech banknotes have ceased to be legal tender. How can you identify the invalid banknotes most easily and where can you exchange them?

Read the CNB’s regular and occasional publications.

Key rates

3.50%

Discount Rate

4.50%

2W Repo Rate

5.50%

Lombard Rate

1.25%

CCyB
Rate

Inflation

2.2%

August 2024

CNB current forecast

2.2%

Inflation
2024

2.0%

Inflation
2025

1.2%

GDP
2024

2.8%

GDP
2025

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...

More about ten golden rules

CNB resumes operation of services at its branches

  • All branches and regional offices of the Czech National Bank will return to full operation, five days a week, from Monday, 14 December 2020.
  • The standard opening hours for CNB clients and the public will be Monday to Friday from 7.30 am to 2.00 pm, with a lunch break from 11.30 am to 12.30 pm.
  • Before your visit, you can check the opening hours for each of our offices on the CNB website (Prague, Brno, Ostrava, Plzeň, Hradec Králové, České Budějovice and Ústí nad Labem).