CNB confirms countercyclical capital buffer rate and mortgage limits
The CNB Bank Board confirmed the countercyclical capital buffer rate for banks at 0.5% and the LTV limit for mortgage loans at 90%. Banks remain resilient to the potential adverse impacts of the coronavirus crisis.
M. Mora – Economic outlook for the Czech Republic
Deputy Governor M. Mora in his presentation for Virtual Client Meeting with Deutsche Bank Prague: “In the light of significant uncertainties, the Bank Board considers it likely that interest rates will be left at a low level for longer than assumed in the baseline scenario of the forecast.” (pdf, 803 kB)
Article detailVlogČNB – When coffee gets more expensive or the elasticity of price substitution in international trade
Our colleagues J. Schwarz and J. Bajzík recently published an article on the Armington elasticity in the prestigious Journal of International Economics. An interview with J. Schwarz, adviser to the Bank Board, reveals the importance of this elasticity for international trade.
CNB versus coronavirus
The CNB is taking steps to support an economy hit by the coronavirus epidemic. You will find a comprehensive overview of everything that might interest you in connection with the coronavirus and the CNB at a special website.
Key rates
0.05%
Discount Rate
0.25%
2W Repo Rate
Inflation
October 2020
CNB current forecast
2.2%
Inflation
2021, Q4
2.1%
Inflation
2022, Q1
-7.2%
GDP
2020
1.7%
GDP
2021
Golden Rules for Bureau-de-Change Clients
- Change money only at designated bureaux de change. Before changing money, carefully read all the information given on the exchange rate list.
- 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...
Limited acces to CNB buildings
- The CNB's archive, CNB's special library and the People and Money exhibitions in Prague and Brno are closed until further notice.