The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25 percent on August 6th of 2020, as expected after inflation rose 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.
Interest Rate in Czech Republic averaged 4.69 percent from 1995 until 2020, 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 August of 2020.
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 0.25 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 0.50 percent in 2021 and 1.50 percent in 2022, according to our econometric models.