FX rates 13.09.2019
All FX rates
EUR - 25.845 CZK
USD - 23.286 CZK
GBP - 28.998 CZK

T. Holub – A Look Back at the Exchange Rate Commitment

Presentation by CNB Bank Board member T. Holub The Exchange Rate – Unconventional Monetary Policy Instrument on the CNB’s experience with the FX commitment, delivered to the 22nd Central Bank Macroeconomic Workshop Advancing the Frontiers of Monetary Policy in Armenia.

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M. Mora expects Czech rates to remain stable for next 12 months

CNB Deputy Governor Marek Mora said in an interview for Reuters that he expected a wait-and-see approach of the CNB Bank Board to Czech rates at the one-year horizon.

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V. Benda: Czech economic perspectives

The Czech economy is slowing from its peak, but we expect a „soft patch“ rather than a recession, CNB Bank Board member V. Benda indicated at the Bank of America – Merrill Lynch Seminar in London. (pdf, 1.4 MB)

Article detail

T. Holub – A Look Back at the Exchange Rate Commitment

Presentation by CNB Bank Board member T. Holub The Exchange Rate – Unconventional Monetary Policy Instrument on the CNB’s experience with the FX commitment, delivered to the 22nd Central Bank Macroeconomic Workshop Advancing the Frontiers of Monetary Policy in Armenia. (pdf, 1.2 MB)

M. Mora expects Czech rates to remain stable for next 12 months

CNB Deputy Governor Marek Mora said in an interview for Reuters that he expected a wait-and-see approach of the CNB Bank Board to Czech rates at the one-year horizon.

Inflation comes in slightly above CNB forecast in August 2019

The CNB comments on the August 2019 inflation figures

V. Benda: Czech economic perspectives

The Czech economy is slowing from its peak, but we expect a „soft patch“ rather than a recession, CNB Bank Board member V. Benda indicated at the Bank of America – Merrill Lynch Seminar in London. (pdf, 1.4 MB)

Provision of a general nature on setting the countercyclical capital buffer rate for the Czech Republic No. III/2019

The overall assessment of the position of the economy in the financial cycle, taking account of vulnerability indicators, and the quantification of risks accumulated in the banking sector imply a need to create a countercyclical capital buffer for exposures located in the Czech Republic. However, the situation currently does not require a reaction in the form of an increase in the buffer rate.

Key rates

1.00%

Discount Rate

2.00%

2W Repo Rate

3.00%

Lombard Rate

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Inflation

2.9%

August 2019

More about inflation

CNB current forecast

2.2%

Inflation
2020, Q3

2.1%

Inflation
2020, Q4

2.6%

GDP
2019

2.9%

GDP
2020

More about forecast

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

Heavyweight gold coin