FX rates 06.12.2019
All FX rates
EUR - 25.535 CZK
USD - 23.017 CZK
GBP - 30.234 CZK

CNB confirms mortgage limits, increases estimate of housing price overvaluation to up to 20%

The Bank Board confirmed the limits on mortgage lending indicators. The Bank Board also decided to leave the countercyclical capital buffer (CCyB) rate unchanged at 2% after 1 January 2021.

Press release           Presentation

The CNB’s foreign exchange reserve management

A paper by CNB Deputy Governor Marek Mora and Executive Director of Risk Management and Transactions Support Department Jan Schmidt, published in the BIS Paper - Reserve management and FX intervention, describes the CNB’s reserve management principles and the changes it has adopted in this area since 2017.

Article detail

CNB to issue ducats for first time, alongside commemorative coins and banknotes

The Czech National bank has unveiled its schedule of issuance of commemorative coins and banknotes for 2021–2025. Collectors can look forward to coins featuring motifs of iconic means of transport and municipal heritage sites and to a large diameter coin commemorating the 100th anniversary of the establishment of Great Prague.

Article detail

Inflation Targeting Flexibility: The CNB’s Reaction Function under Scrutiny

Jan Filáček, Ivan Sutóris
CNB RPN 2/2019

Financial Market Inflation Expectations

November 2019 (pdf, 632 kB)

Growth in economic activity comes in slightly below the CNB forecast in 2019 Q3

The CNB comments on the GDP figures for 2019 Q3

The Governors’ Club meeting in Prague

On 21 and 22 November the Czech National Bank (CNB) hosted the meeting of the Central Bank Governors’ Club of Central Asia, Balkan Countries and Black Sea Region.

Global Economic Outlook – November 2019

Global Economic Outlook is out now. The Focus section discusses current economic developments in China and their impact on commodity markets. These markets will be affected not by the slowing GDP growth but rather by a change in its structure

CNB issues Inflation Report IV/2019

At its meeting on 14 November 2019, the Bank Board of the Czech National Bank approved this year’s fourth Inflation Report. The Report is one of the core elements of the central bank’s communication with the public in the inflation-targeting regime.

Key rates

1.00%

Discount Rate

2.00%

2W Repo Rate

3.00%

Lombard Rate

More about rates

Inflation

2.7%

October 2019

More about inflation

CNB current forecast

2.5%

Inflation
2020, Q4

2.1%

Inflation
2021, Q1

2.6%

GDP
2019

2.4%

GDP
2020

More about 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

Heavyweight gold coin