Monetary Policy Report – Spring 2024

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

Chartbook and underlying data

Presentation for analysts