The CNB left interest rates unchanged, inflation will be close to 3% in late 2026 and early 2027 and return to close to the target during 2027

We have published the introductory section of the Monetary Policy Report entitled “The decision, the outlook and associated risks” (together with the boxes and the table of key macroeconomic indicators) a week in advance of the whole Report. The author of this section is Director of the Monetary Policy and Fiscal Analyses Division Zdeněk Pikhart. The whole Report will be published on 15 May 2026.