FX rate declared by the CNB for 21/1/2026
EUR - 24.360 CZK
USD - 20.758 CZK

Bank lending survey – I/2026

Demand for loans increased in 2025 Q4 for both households and corporations. Credit standards and conditions remained unchanged for corporate loans and for consumer credit, while a quarter of the banking market relaxed standards for housing loans.

CNB WP 1/2026 – Chasing Lower Rates: How Households Balance Refinancing Incentives and Debt Constraints

A new CNB study examines early mortgage refinancing in a predominantly fixed-rate environment and low penalties for early repayment. It shows that households respond to both current mortgage rate differentials and expectations of future interest rate changes, with borrower heterogeneity shaping the timing of refinancing and implications for monetary policy transmission and financial stability.

Inflation remains at 2.1% in December

The CNB comments on the December 2025 inflation figures

Notice regarding the activities of Goldman Lampe Private Bank

The Czech National Bank wishes to warn the public that Goldman Lampe Private Bank i.n. 01.02.01.004.1938.02, registered address JULPHAR COMMERCIAL TOWER, Ras Al Khaimah, United Arab Emirates, which offers its services via the website https://goldmanlampe.com/, holds no authorisation, licence or registration issued by the Czech National Bank.

Notice regarding the activities of Draph Solutions s.r.o.

The Czech National Bank wishes to warn the public that Draph Solutions s.r.o., company ID number 062 45 242, registered address Národní 961/25, Staré Město, 110 00 Prague 1, which had been offering payment services via the website http://swipez.eu/, has had its authorisation to operate as a small-scale payment services provider revoked by decision ref. no. 2025/154924/650 of 17 December 2025, which took effect on 3 January 2026.

Financial market inflation expectations – December 2025

Sixteen domestic and two foreign analysts took part in the final survey of financial market inflation expectations this year. The results indicate that despite a slightly more optimistic estimate of domestic economic growth for this and next year, the one-year inflation forecast has edged down. The three-year inflation outlook remains unchanged. At the same time, most respondents expect key interest rates to remain unchanged over the next twelve months. (pdf, 1 MB)

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

2.50%

Discount Rate

3.50%

2W Repo Rate

4.50%

Lombard Rate

Inflation

2.1%

December 2025

CNB current forecast

2.5%

Inflation 2025

2.2%

Inflation 2026

2.3%

GDP 2025

2.4%

GDP 2026

Capital buffer rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIIBmax rate

Limits on credit ratios

80%

LTV

– –

DTI

– –

DSTI

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