T. Nidetzký – The current inflation episode is temporary
Deputy Governor T. Nidetzký in an interview for Bloomberg: the current inflation episode is temporary and inflation will return to the CNB’s 2% target. Interest rates may remain stable for at least a year, he said.
Article detailV. Benda – No need to ease monetary policy more
CNB Board member Vojtěch Benda expects milder steps to be taken to mitigate the pandemic than those taken in spring, so there is no need to ease monetary policy further. "The easing which we have delivered at the onset of the pandemic is sufficient," Benda told Reuters.
Article detailDecisions on capital buffer rates for banks
The countercyclical capital buffer rate remains at 0.50% and the systemic risk buffer rates for large banks are left unchanged from 1 January 2021 onwards.
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
August 2020
CNB current forecast
2.2%
Inflation
2021, Q3
2.2%
Inflation
2021, Q4
-8.2%
GDP
2020
3.5%
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