FX rates 01.03.2024
All FX rates
EUR - 25.330 CZK
USD - 23.428 CZK
GBP - 29.594 CZK

Real GDP comes in slightly above the CNB forecast in 2023 Q4

The CNB comments on the GDP figures for 2023 Q4

Tomáš Adam, Jiří Schwarz: Supply shocks help to tear down the legacy of the iron curtain

Tomáš Adam and Jiří Schwarz, advisers to the Bank Board, discuss the differences in inflation rates in Europe after a common supply shock. They attribute the higher inflation rates in CEE countries to the historical division between East and West, which has led to lower initial prices and higher energy intensity in these regions. The analysis was first published on the OMFIF website.

Behavioural and Fundamental Equilibrium Exchange Rate of the Czech Koruna

Presentation by Luboš Komárek and Martin Motl from the External Economic Relations Division for a seminar at the European Central Bank on 27 February 2024 (pdf, 886 kB).

Financial market inflation expectations – February 2024

Fourteen domestic and three foreign respondents took part in the February survey of financial market inflation expectations. The data reveal that inflation expectations one year ahead are continuing to fall. The three-year outlook remains stable. The analysts’ economic growth forecasts are less optimistic on average for both this year and the next. A large majority of the respondents meanwhile expect policy rates to be cut by 50 basis points at the CNB Bank Board’s next monetary policy meeting. The forecasts for interbank reference rates and interest rate swap rates were moved downwards again. (pdf, 1 MB)

Global Economic Outlook 2/2024 is out now

The February issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories. The analytical section of this issue focuses on 22 inflation-targeting central banks. It compares the forecasting and analytical tools and processes they apply when making monetary policy, using data obtained from a questionnaire survey conducted by the CNB in the second half of 2023.

Assessment of the fulfilment of the inflation target in 2022 and 2023

The CNB’s price stability mandate involves retrospectively assessing the fulfilment of its 2% inflation target once a year. This year’s analysis assesses the fulfilment of the inflation target in 2022 and 2023, when inflation was well above the CNB’s 2% target. The factors underlying the deviation of inflation from the target provide an insight into the origin of the inflation pressures faced by the Czech economy in the past two years. Published as part of Monetary Policy Report – Winter 2024.

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 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?

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January 2024

CNB current forecast









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).