FX rate declared by the CNB for 5/2/2026
EUR - 24.315 CZK
USD - 20.615 CZK

Meeting of CNB Deputy Governor Jan Frait with Analysts

Live stream starts at 11.00 a.m.

The CNB left interest rates unchanged, inflation will be below 2% this year and very close to the target next year

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 13 February 2026.

CNB Board decisions

Statement of the Bank Board and presentation for the press conference

International Monetary Fund: Staff Concluding Statement of the 2026 Article IV Mission

The CNB has published the Concluding Statement from the IMF’s Article IV consultation which assesses the state of the Czech economy every year.

Organisational changes in the Monetary Department

The Czech National Bank (CNB) is changing the organisational structure of its Monetary Department with effect from 1 February 2026. The changes reflect the department’s long-term direction, whose primary mission is macroeconomic analysis and forecasting, and are also linked to the ongoing first-ever external review of the CNB’s monetary policy framework. The CNB Bank Board approved these changes at its meeting on 11 December 2025.

Notice regarding the activities of White Mint Financial Company s.r.o.

The Czech National Bank again wishes to warn the public that White Mint Financial Company s.r.o., company ID number 172 60 884, having its registered address at Kaprova 42/14, 110 00 Praha 1 – Staré Mesto, which offers its services via the platform https://algosone.ai/, does not hold any authorisation, licence or registration issued by the Czech National Bank and has neither submitted a crypto-asset white paper to the CNB nor applied for authorisation as a crypto-asset service provider.

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

1.6%

Inflation 2026

2.1%

Inflation 2027

2.9%

GDP 2026

2.9%

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

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