Monetary Policy Report – Winter 2024

After discussing the Winter 2024 Monetary Policy Report, the Bank Board lowered the two-week repo rate by 0.50 pp. The baseline scenario of the winter forecast implies a rapid decline in market interest rates in the course of this year. Inflation will return close to the 2% target at the start of this year and stay there over the monetary policy horizon. The economy will start to grow again this year, but at a very modest pace.

This Monetary Policy Report was approved by the CNB Bank Board on 15 February 2024 and (with some exceptions) contains the information available as of 26 January 2024.

Monetary Policy Report

Chartbook and underlying data

Presentation for analysts