CNB Board decision on setting the countercyclical capital buffer rate

The Bank Board decided to leave the countercyclical capital buffer rate at 1.25%. The banking sector as a whole has long been profitable, well capitalised and resilient. The current level of the buffer sufficiently covers the risks arising from the present position of the economy in the expansionary phase of the financial cycle. At the same time, it serves as a safeguard reducing the banking sector’s vulnerability to potential adverse economic developments.