FX rates 26.02.2021
All FX rates
EUR - 26.195 CZK
USD - 21.612 CZK
GBP - 30.091 CZK

Number of counterfeit notes and coins falls slightly in 2020

The total number of counterfeit and altered Czech banknotes and coins in the Czech Republic remained low again in 2020. The seized banknotes were most frequently given a grade of 4, i.e. poor quality.

Press release

Marek Mora: Combating climate change jeopardises central bank independence

Central banks should not give the impression that they are all-powerful. It’s very risky to use financial regulation, especially prudential regulation, to address climate objectives or sustainability goals, says Deputy Governor Marek Mora in an interview.

ČNBvlog

M. Mora takes part in panel discussion at the OMFIF

Deputy Governor Marek Mora participated in the OMFIF (Official Monetary and Financial Institutions Forum) virtual panel discussion. Deputy Governor Mora and his counterparts from the Polish and Hungarian central banks discussed the monetary policy response to the COVID-19 pandemic.

Video Recording        Presentation

CNB WP 13/2020 – Composite Survey Sentiment as a Predictor of Future Market Returns: Evidence for German Equity Indices

Zuzana Rakovská’s research paper examines the construction of a novel composite sentiment indicator which captures the irrational beliefs of the general population in Germany.

Financial market inflation expectations – February

The February survey, in which fifteen domestic and three foreign analysts took part, reveals that while the analysts’ view on GDP growth (both this year and the next) remains unchanged, the one-year inflation forecast increased moderately. The three-year inflation forecast remains anchored at the CNB’s 2% inflation target. The outlook for key interest rates has changed significantly. Most of the analysts are expecting at least one increase in the 2W repo rate by 25 basis points over the next 12 months. (pdf, 542 kB)

CNB WP 12/2020 – A Top-down Stress-testing Framework for the Nonfinancial Corporate Sector

V. Siuda introduces a framework for top-down stress-testing of the nonfinancial corporate sector and demonstrates the results on two different scenarios.

CNB revises and supplements General Approach to MREL

Due to changes in the regulatory framework, the Czech National Bank has revised and supplemented its General Approach to Setting a Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The CNB has also extended its General Approach to include the setting of a minimum requirement for own funds and eligible liabilities (MREL) expressed in relation to the leverage ratio.

The latest issue of Global Economic Outlook 02/2021 is out now

The February issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories. The analytical part examines the history and development of international investment and investor protections. This issue includes an appendix on the unconventional instruments that are being used by central banks around the world.

T. Holub – COVID-19 and the CNB's Prudent Risk-Management Approach to Policy

Presentation by Bank Board member T. Holub for The Better Policy Project Seminar held on 17 February 2021.

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.

Visit special website

Key rates

0.05%

Discount Rate

0.25%

2W Repo Rate

1.00%

Lombard Rate

Inflation

2.2%

January 2020

CNB current forecast

2.0%

Inflation
2021

2.2%

Inflation
2022

2.2%

GDP
2021

3.8%

GDP
2022

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

CNB resumes operation of services at its branches

  • All branches and regional offices of the Czech National Bank will return to full operation, five days a week, from Monday, 14 December 2020.
  • The standard opening hours for CNB clients and the public will be Monday to Friday from 7.30 am to 2.00 pm, with a lunch break from 11.30 am to 12.30 pm.
  • Before your visit, you can check the opening hours for each of our offices on the CNB website (Prague, Brno, Ostrava, Plzeň, Hradec Králové, České Budějovice and Ústí nad Labem).