FX rates 17.09.2021
All FX rates
EUR - 25.295 CZK
USD - 21.474 CZK
GBP - 29.634 CZK

Tomáš Nidetzký – Economic outlook and its risks

Presentation by CNB Deputy Governor Tomáš Nidetzký for the American Chamber of Commerce roundtable held on 17 September 2021: “So far the ECB isn’t planning to react much to high inflation, as it expects it to return to the target itself. The Czech situation is different: we don’t need reasons to start tightening. We are now thinking more about how fast we should raise rates and to which level.” (pdf, 342 kB)

Basic indicators of the financial market sectors

The reporting of non-bank investment firms in the area of prudential rules is currently undergoing major changes, and this area will be covered again from 30 September 2021.The Capital, Risk Exposures and Capital Ratios tables have therefore not been updated since 30 June 2021. Owing to changes in the structure of statements, the data for management companies and investment funds will be available next week.

CNB WP 4/2021 – The Rushin Index: A Weekly Indicator of Czech Economic Activity

T. Adam, O. Michálek, A. Michl and E. Slezáková introduce the Rushin, a weekly index of Czech economic activity. The index is based on alternative, high-frequency indicators and standard, low-frequency macroeconomic data.

Central Bank Monitoring III/2021

Inflation is rising in most of the countries we monitor, exceeding the central bank’s target in many of them. The Hungarian and Czech central banks have tightened monetary policy by increasing interest rates, while the Norwegian central bank is likely to raise rates at its September meeting. Other central banks are either reducing or planning to reduce their support programmes. However, the economic situation will continue to be shaped in the period ahead by the impacts of the coronavirus pandemic. The current Spotlight focuses on the inflation target tolerance band from the perspective of several recent studies. In our Selected Speech, ECB Executive Board member Isabel Schnabel presents the outcomes of the European Central Bank’s monetary policy strategy review. (pdf, 767 kB)

CNB WP 3/2021 – Holding the Economy by the Tail: Analysis of Short- and Long-run Macroeconomic Risks

M. Franta and J. Libich put forward a novel macro-financial empirical modelling framework that can examine the tails of distributions of macroeconomic variables and the implied risks. Their examination strongly points to post-2008 unconventional monetary policies (quantitative easing) as a potential source of elevated long-run downside tail risk.

CNB versus coronavirus

The CNB is taking steps to support an economy hit by the coronavirus epidemic. You will find a comprehensive overview of everything that might interest you in connection with the coronavirus and the CNB at a special website.

Visit special website

Key rates

0.05%

Discount Rate

0.75%

2W Repo Rate

1.75%

Lombard Rate

0.50%

CCyB
Rate

Inflation

4.1%

August 2021

CNB current forecast

3.0%

Inflation
2021

2.8%

Inflation
2022

3.5%

GDP
2021

4.1%

GDP
2022

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).