FX rates 22.09.2023
All FX rates
EUR - 24.385 CZK
USD - 22.897 CZK
GBP - 28.083 CZK

Global Economic Outlook 9/2023 is out now

The September issue of Global Economic Outlook presents the regular overview of recent and expected developments in selected territories. The analytical part of this issue deals mainly with the practical aspects associated with the modelling of the business and financial cycles and presents a comparison of the two cycles for the major global economies – the USA, Japan, the UK, Germany and France.

Attendance of CNB Bank Board members at the monetary policy meeting on 27 September 2023

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 27 September 2023.

Tomáš Holub: Czech Economic Developments – Monetary Policy Perspective

Presentation by CNB Bank Board member Tomáš Holub on Czech Economic Developments: Monetary Policy Perspective, delivered at an online seminar held by the European Economics and Financial Centre on 18 September 2023
(pdf, 1 MB)

Central Bank Monitoring III/2023

Inflation continues to slowly fall in most of the countries under review, but remains high. After a pause in June, the US Fed raised the key interest rate range again in July, with other central banks also raising their rates. By contrast, in Poland the rates have already been lowered. Spotlight focuses on the communication of central bank forecasts and their related uncertainties. In our selected speech, BoE Deputy Governor Dave Ramsden describes the bank's experience to date with quantitative tightening. (pdf, 562 kB)

Basic indicators of the financial market sectors

Regular quarterly information on individual financial market sectors containing basic aggregate data on the activities of banks, credit unions, insurance companies, investment firms, management companies, investment funds, pension management companies and funds operated by pension management companies as of the end of 2023 Q2.

CNB RPN 1/2023 – Balancing Volatility and Returns in the Czech National Bank’s Foreign Exchange Portfolio

Paper by Tomáš Adam, Aleš Michl and Michal Škoda discussing the implications of possible changes in the composition of the CNB’s foreign exchange reserves, which are large by international standards and thus provide room for diversification. The authors test how the historical risk-return characteristics of the portfolio would change if there was an increase in the share of equities or the amount of gold, or if the share of euro-denominated assets was reduced. They conclude that the first two changes would have a positive effect on portfolio return, while the third one is not appropriate.

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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August 2023

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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).