FX rates 06.12.2024
All FX rates
EUR - 25.110 CZK
USD - 23.724 CZK
GBP - 30.297 CZK

The CNB is to set up a new Research and Statistics Department

The Czech National Bank (CNB) is to set up a Research and Statistics Department to replace the existing Statistics and Data Support Department. The change is in line with the recommendations of external reviews of the CNB’s monetary policy analytical and modelling framework, which imply a need to broaden the role of economic research, increase the emphasis on the use of available data sources and develop an alternative economic model. The new department will be headed by Simona Malovaná, current Director of the Financial Research Division in the Financial Stability Department. The CNB Bank Board made this decision at its meeting on 5 December 2024, with effect from 1 January 2025.

Luboš Komárek: Czech Experience of Economic Transformation achieving monetary and financial stability

Presentation by Director of the External Economic Relations Division of the CNB Monetary Department Luboš Komárek at the EU – Algeria Sustainable Investment Partnership Conference on the Economic Transition in Central European Countries held in Algiers, Algeria on 3 December 2024 (pdf, 2.4 MB).

Financial market inflation expectations – November 2024

Fourteen domestic and one foreign analyst sent in their contributions to the November survey of financial market inflation expectations. The data obtained do not indicate any major changes. The one-year inflation forecast remains unchanged, whereas the expected inflation rate at the three-year horizon has shifted slightly downwards, almost to the inflation target. The estimate for Czech GDP growth this year is also unchanged. The outlook for next year is less optimistic. The majority of respondents expect the December meeting of the CNB Bank Board to result in a cut in interest rates, but this time the number of analysts who expect rates to remain unchanged is very similar. (pdf, 1 MB)

cnBlog – Trends in Germany’s manufacturing industry and foreign trade after the pandemic

After an optimistic start to 2024, when energy-intensive industries also saw a recovery, hopes for a robust recovery faded again. In her blog article, Soňa Benecká from the Monetary Department discusses how Germany is addressing challenges tied to the exhaustion of its growth model.

Division of responsibilities of the CNB Bank Board

At its first extraordinary meeting in the new line-up, the Bank Board of the Czech National Bank (CNB) approved the following division of responsibilities of its members for overseeing the CNB’s departments.

Czech economic growth in line with the CNB forecast in 2024 Q3

The CNB comments on the GDP figures for 2024 Q3

Read CNB Governor Aleš Michl’s selected speeches and interviews in which he explains how the central bank is fighting inflation and what steps it is taking to achieve price stability.

The CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

The older 1995–1999 versions of Czech banknotes have ceased to be legal tender. How can you identify the invalid banknotes most easily and where can you exchange them?

Read the CNB’s regular and occasional publications.

Key rates

3.00%

Discount Rate

4.00%

2W Repo Rate

5.00%

Lombard Rate

1.25%

CCyB
Rate

Inflation

2.8%

October 2024

CNB current forecast

2.5%

Inflation
2024

2.6%

Inflation
2025

1.0%

GDP
2024

2.4%

GDP
2025

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).