CNB Board decisions

The CNB Bank Board kept interest rates unchanged. The two-week repo rate (2W repo rate) thus remains at 7%, the discount rate at 6% and the Lombard rate at 8%.

Since October 2022, the CNB has not intervened on the foreign exchange market to counter depreciation of the koruna. The Bank Board today formally ended the intervention regime announced in May 2022 and at the same time resumed the programme of sales of part of the income on international reserves. As part of the managed float regime, the CNB will always as a matter of principle prevent excessive fluctuations of the koruna exchange rate that would jeopardise price stability or financial stability, at any time the Bank Board deems it necessary.