FX rates 20.05.2024
All FX rates
EUR - 24.745 CZK
USD - 22.792 CZK
GBP - 28.930 CZK

Vojtěch Belling reappointed Vice Chair of ESMA

Executive Director of the Czech National Bank’s Financial Regulation and International Cooperation Department Vojtěch Belling has been re-elected Vice Chair of the European Securities and Markets Authority (ESMA).

cnBlog – Impacts of climate change on monetary policy

Given the impacts of climate-related policies, the importance of this factor in shaping the future optimal monetary policy response of central banks is growing. Overall, climate change will have distinct global stagflation effects, writes Martin Motl from the CNB’s Monetary Department in his analysis.

Assessment of the fulfilment of the 2022 forecasts

This annual analysis is used to verify the settings of the g3+ core forecasting model, the basic unifying element used in preparing the CNB’s macroeconomic forecasts. The analysis compares the CNB’s 2022 forecasts with the outputs of other analytical institutions, compares the assumptions and developments forecasted at the time with the subsequently observed data and prepares a simulation incorporating hypothetical knowledge of future developments. Published as part of Monetary Policy Report – Spring 2024. Authors: Tatiana Keseliová, Tomáš Pokorný, Tomáš Šestořád

Quarterly information on the CNB’s international reserves

The CNB published today additional data on the breakdown of international reserves, their returns, structure and currency structure as of the end of 2024 Q1 in the Quarterly information on the CNB’s international reserves.

Several perspectives on the different development of goods and services prices

The analysis examines inflation in two important categories of consumer basket items – services and goods. After the pandemic period, when prices of services increased more slowly than prices of goods, the gap between their growth rates is returning to its long-term positive average, which is in line with the historical norm. Prices of most services are currently rising. Overall, they were dampened by the high-weight imputed rent. Services prices thus pose a moderate medium-term risk due to a recovery in the property market. Published as part of Monetary Policy Report – Spring 2024. Authors: Jan Šolc, Natálie Tomanová

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?

Key rates

4.25%

Discount Rate

5.25%

2W Repo Rate

6.25%

Lombard Rate

1.75%

CCyB
Rate

Inflation

2.9%

April 2024

CNB current forecast

2.3%

Inflation
2024

2.0%

Inflation
2025

1.4%

GDP
2024

2.7%

GDP
2025

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).