Twelve domestic and three foreign analysts took part in the CNB’s November survey. On average, they are expecting domestic economic activity to be lower this year and inflation to be higher at both the one-year and three-year horizons than they did one month ago. The majority of the respondents are expecting the CNB to continue to tackle rapid inflation and raise the 2W repo rate by a further 50 basis points in December.
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The CNB comments on the GDP figures for 2021 Q3
The CNB has issued a Provision of a general nature on setting upper limits on credit ratios LTV, DTI, DSTI. Entities authorised to provide consumer credit shall proceed pursuant to this provision of a general nature from 1 April 2022. (pdf, 250 kB)
The CNB has issued a Provision of a general nature on setting the countercyclical capital buffer rate for the Czech Republic, increasing countercyclical capital buffer rate to 2.00% with effect from 1 January 2023.
Presentation by CNB Governor Jiří Rusnok and Executive Director of CNB Financial Stability Department Jan Frait for the press conference (pdf, 685 kB)
On the basis of new statutory powers, the CNB Bank Board has decided to set limits on credit ratios for the provision of mortgage loans. With effect from 1 April 2022, mortgage lenders will again be required to comply with DTI and DSTI limits. The CNB Bank Board also decided to increase the countercyclical capital buffer (CCyB) rate by 0.5 percentage point to 2% with effect from 1 January 2023.