Did you know...
that the primary objective of the Czech National Bank is to maintain price stability? The CNB is obliged by law to inform the public about the fulfilment of this objective at least once every three months, which it does by regularly publishing inflation reports.
In November 2013, the Czech National Bank decided to use the koruna exchange rate as an additional instrument for easing the monetary conditions. Since then, the Bank Board has repeatedly confirmed the validity of this exchange rate commitment. At its most recent meeting on 30 June 2016, the Bank Board stated again that the CNB would not discontinue the use of the exchange rate as a monetary policy instrument before 2017. The Bank Board considers it likely that the commitment will be discontinued in mid-2017.
- Current statement of the Bank Board following the monetary policy meeting of 30 June 2016
- The exchange rate commitment: how the CNB keeps the exchange rate close to CZK 27 to the euro
28 Jul 2016 Bank Board meeting
29 Jul 2016 Banking statistics
29 Jul 2016 National monetary survey