Pay at the CNB to rise by an average of 4.9% in 2026

Staff pay at the Czech National Bank will increase by an average of 4.9% next year. This increase was agreed by the Bank Board and the trade union. The pace of growth is consistent with the current economic situation in the Czech Republic and with the CNB’s successful fulfilment of its statutory objectives, particularly maintaining low inflation.

“The future is shaped by actions, not words. Pay at the CNB will rise at a reasonable rate again. We keep year-on-year growth in operating expenses below 5% every year. We lead by example. We want to be the best employer in the Czech Republic and deliver low inflation, financial stability and innovation for the future,” said CNB Governor Aleš Michl.

“Real pay growth for employees in 2026 and a stable system of staff benefits – this was our goal in this year’s collective bargaining and it is reflected in the signed collective agreement. The agreement guarantees employees stable conditions for their work and for meeting their personal and family needs, while also setting the necessary framework for ongoing social dialogue between the trade union and the CNB,” said Jitka Svobodová, Chair of the CNB trade union committee.

In addition to its main objectives – low inflation and financial stability – the CNB supervises the financial market, manages cash circulation and payment systems, and performs other key functions. It also focuses on keeping its financial performance sustainable in the long term, modernising payment infrastructure, digitalising services for public and government clients, and improving the results of its work. It is gradually adjusting the composition of its international reserves, has eliminated 5% of jobs – including some managerial positions – in a rationalisation process, and promotes active use of modern technologies, including artificial intelligence.

The CNB is not part of the public budgets of the Czech Republic. On the contrary, it is strictly separated from them by law. In accordance with the law, it defrays the costs of its operations from its income. Therefore, it is not paid from taxes and its costs are not covered by the taxpayer.

Petra Vlčková
CNB spokesperson