The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25% on February 4th of 2021, as expected after inflation eased to a 14-month low of 2.3% in December, within the central bank’s 1%-3% tolerance band. In 2020, the central bank cut rates by 200bps to support the economy hit by the coronavirus outbreak. The bank predicts the economy to grow by 1.7% in 2021 after a 5.6% slump in 2020. The Lombard rate and the discount rate were also kept at 1% and 0.05%, respectively. source: Czech National Bank

Interest Rate in Czech Republic averaged 4.62 percent from 1995 until 2021, reaching an all time high of 39 percent in June of 1997 and a record low of 0.05 percent in November of 2012. This page provides the latest reported value for - Czech Republic Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Interest Rate in Czech Republic is expected to be 0.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Czech Republic to stand at 0.50 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Czech Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 39.00 0.05 1995 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-23 12:30 PM 0.25% 0.25% 0.25% 0.25%
2020-11-05 01:30 PM 0.25% 0.25% 0.25% 0.25%
2020-12-17 01:30 PM 0.25% 0.25% 0.25% 0.25%
2021-02-04 01:30 PM 0.25% 0.25% 0.25% 0.25%
2021-03-24 01:30 PM 0.25% 0.25%
2021-05-06 12:30 PM 0.25%
2021-06-23 12:30 PM
2021-08-05 12:30 PM
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Czech Republic Holds Key Rate at 0.25%
The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25% on February 4th of 2021, as expected after inflation eased to a 14-month low of 2.3% in December, within the central bank’s 1%-3% tolerance band. In 2020, the central bank cut rates by 200bps to support the economy hit by the coronavirus outbreak. The bank predicts the economy to grow by 1.7% in 2021 after a 5.6% slump in 2020. The Lombard rate and the discount rate were also kept at 1% and 0.05%, respectively.
2021-02-04
Czech Republic Leaves Rates Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25% on December 17th of 2020, as expected after inflation eased to a 13-month low of 2.7% in November, within the central bank’s 1%-3% tolerance band. Earlier in the year, Czech cut rates by 200bps to support the economy hit by the coronavirus outbreak. The bank predicts the economy to grow by just 1.7% next year after a 7.2% slump in 2020. The Lombard rate and the discount rate were also kept at 1% and 0.05%, respectively.
2020-12-17
Czech Republic Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25 percent on November 5th of 2020, as expected after inflation edged down to a 4-month low of 3.2 percent, slightly above the top of the central bank’s 1%-3% tolerance band. Earlier in the year, Czech cut rates by 200bps to support the economy hit by the coronavirus outbreak. The Lombard rate and the discount rate were also kept at 1 percent and 0.05 percent, respectively.
2020-11-05
Czech Republic Leaves Rates Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25 percent on September 23rd of 2020, as expected after inflation edged down to 3.3 percent, slightly above the top of the central bank’s 1%-3% tolerance band. Earlier in the year, Czech cut rates by 200bps to support the economy hit by the coronavirus outbreak. The Lombard rate and the discount rate were also kept at 1 percent and 0.05 percent, respectively.
2020-09-23

Czech Republic Interest Rate
In Czech Republic benchmark interest rate is set by the Czech National Bank (Ceská Národní Bank CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank.