FX rates 09.09.2024
All FX rates
EUR - 25.050 CZK
USD - 22.682 CZK
GBP - 29.690 CZK

Financial Market On-Site Inspection Division III to be headed by Kateřina Pscherová

Kateřina Pscherová became Director of the Financial Market On-Site Inspection Division III with effect from 6 September. This decision was made by the Bank Board of the Czech National Bank (CNB). Martin Fleischmann, the previous director of the division, resigned from his post for family reasons as of 31 August 2024.

CNB WP 7/2024 – LUCI: Your Best Friend for Measuring Labor Market Tightness

New paper by J. Brůha, A. Ruschka & J. Šolc introduces the LUCI labor market indicator, which distills data from multiple labor market series. LUCI helps identify inflationary pressures and the state of the economy, thus supporting monetary-policy decision making.

Financial market inflation expectations – August 2024

Fifteen domestic and three foreign analysts took part in the August survey of financial market inflation expectations. The results show that the changes compared to last month’s survey are not significant. The one-year inflation forecast remains unchanged, rising slightly only at the three-year horizon. The estimate for economic growth this year is less optimistic, but the outlook for next year is also unchanged. Most of the respondents expect key interest rates to be cut by 25 basis points at the next monetary policy meeting of the CNB Bank Board. (pdf, 813 kB)

Real GDP in line with the CNB forecast in 2024 Q2

The CNB comments on the GDP figures for 2024 Q2

cnBlog – The euro and us: Macroprudential policy in the euro area and beyond

In this blog article from the series “The euro and us”, Luboš Komárek, Director of the Monetary Department’s External Economic Relations Division, Libor Holub, Executive Director of the Financial Stability Department, and Zlatuše Komárková, Deputy Executive Director of the Financial Stability Department, focused on macroprudential policy, which – alongside monetary and fiscal policy – is an important part of a country’s economic policy.

Global Economic Outlook 8/2024 is out now

The August issue of Global Economic Outlook presents a regular overview of the recent and expected developments in selected territories. The analytical section of this issue points out that although the blockchain topic is very closely related and understood by the public in connection with cryptoassets, this technology has a much wider use in other areas.

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 CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

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?

Read the CNB’s regular and occasional publications.

Key rates

3.50%

Discount Rate

4.50%

2W Repo Rate

5.50%

Lombard Rate

1.25%

CCyB
Rate

Inflation

2.2%

July 2024

CNB current forecast

2.2%

Inflation
2024

2.0%

Inflation
2025

1.2%

GDP
2024

2.8%

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).