Česká národní banka

Světlonoš

The CNB is the central bank of the Czech Republic
and the supervisor of the Czech financial market.

As an independent institution, the Czech National Bank maintains price stability, supervises the financial system and supports its balanced development, and ensures smooth circulation of money and smooth payments.

 


Declared FX rates

Cur. Unit 26.05.2017
eur EUR 26.435 CZK
usd USD 23.606 CZK
gbp GBP 30.316 CZK

show all declared FX rates

Key rates

2W Repo Rate: 0.05%
Discount Rate: 0.05%
Lombard Rate: 0.25%
Reserve Requirement: 2.00%

more about key rates

April 2017: 2.0%

more on inflation

CNB current forecast

Annual consumer price inflation:
2018, Q2 2.1%
2018, Q3 2.0%

more about forecast

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Did you know...

that the CNB Bank Board sets three interest rates: the two-week repo rate, the discount rate and the Lombard rate? Changes in these rates indirectly affect the price of loans in the economy.

Currency Exchange - Ten Golden Rules

Currency Exchange - Ten Golden Rules

Things to know before exchanging money in the Czech Republic.
Czech Money app

Czech Money app

Download the mobile device app on Czech banknotes and coins

Exit from the exchange rate commitment

Koruna

At its extraordinary monetary policy meeting on 6 April 2017, the Bank Board of the Czech National Bank decided to discontinue the use of the exchange rate as an additional instrument for easing the monetary conditions. By taking this step, the CNB returned to the conventional monetary policy regime, in which interest rates are the main instrument. The koruna exchange rate may thus fluctuate in either direction depending on demand and supply. However, the CNB stands ready to use its instruments to mitigate potential excessive exchange rate fluctuations.

 

25 May 2017

CNB working paper No. 11/2016: Nowcasting the Czech Trade Balance

Michal Andrle, Miroslav Plašil

23 May 2017

Property prices are overvalued

The CNB needs to start slowing an emerging spiral of apartment prices and demand for mortgages. Property prices never grow forever, warns Bank Board member Vojtěch Benda in an interview for Reuters.

22 May 2017

Monetary Policy Challenges: Experience of the Czech National Bank

presentation by Bank Board member Marek Mora for the Nordea Emerging Markets Seminar 2017 (pdf, 483 kB)

27 May 2017

Administrator’s notification

on the payment of interest

24 May 2017

CNB balance sheet

as of 20 May 2017