After discussing the Spring 2024 Monetary Policy Report, the Bank Board lowered the two-week repo rate by 0.50 pp. Consistent with the baseline scenario of the spring forecast is a further decline in market interest rates. Inflation will remain close to the 2% target during the course of this year and stay there over the monetary policy horizon. Economic growth will resume this year and pick up further next year.
This Monetary Policy Report was approved by the CNB Bank Board on 9 May 2024 and (with some exceptions) contains the information available as of 26 April 2024.
Monetary Policy Report
- Monetary Policy Report – Spring 2024 (pdf, 2.7 MB)
- Infobox – The updated g3+ core forecasting model
- Box 1 – Effects of general government investment on inflation
- Box 2 – Several perspectives on the different development of goods and services prices
- Appendix – Assessment of the fulfilment of the 2022 forecasts
Chartbook and underlying data
- Chartbook – Spring 2024 (pdf, 3.6 MB)
- Table of key macroeconomic indicators – Spring 2024 (xlsx 71 kB)
- Underlying data – Monetary Policy Report (xlsx, 278 kB)
- Underlying data – Chartbook (xlsx, 782 kB)
- Underlying data – Boxes (xlsx, 683 kB)
- Underlying data – Appendix (xlsx, 325 kB)
- Scoreboard – methodology (February 2024) (pdf, 1.5 MB)
Presentation for analysts