T. Holub – Inflation around 3% is no drama
The current price growth of around 3% a year is temporary and is “no drama”, T. Holub said in an interview for Bloomberg. Therefore, the CNB probably won’t have to raise interest rates for at least a year, according to Mr Holub.
Article detailT. Nidetzký – The CNB can avoid zero rates and unconventional instruments
Deputy Governor T. Nidetzký does not see a need to adjust its monetary policy, because concerns of disinflation related to the coronavirus crisis are not materialising so far, as he said in an interview for Reuters. The debate on unconventional instruments could therefore remain an intellectual exercise according to Mr Nidetzký.
Article detail
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
June 2020
CNB current forecast
2.1%
Inflation
2021, Q2
2.1%
Inflation
2021, Q3
-8.0%
GDP
2020
4.0%
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...
CNB resumes operation of services at its branches
- On Monday 25 May, the Czech National Bank resumed teller services for the public to the full extent.
- It is now possible to exchange damaged banknotes and coins and use other services for the public at the CNB offices in Prague, Brno, Ostrava, České Budějovice, Hradec Králové, Plzeň and Ústí nad Labem.
- The Czech National Bank is reopening the CNB Archive to the public from Monday 1 June 2020.
- The Czech National Bank is reopening the People and Money exhibition in Prague and in Brno to the public from Tuesday 2 June 2020