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.

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Czech Republic Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 39.00 0.05 1995 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-26 01:00 PM 1% 1.75% 1.25% 1.25%
2020-05-07 01:15 PM 0.25% 1% 0.5% 0.5%
2020-06-24 12:35 PM 0.25% 0.25% 0.25% 0.25%
2020-08-06 12:30 PM 0.25% 0.25% 0.25% 0.25%
2020-09-23 12:30 PM 0.25% 0.25%
2020-11-05 01:30 PM 0.25%
2020-12-17 01:30 PM 0.25%
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 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.
2020-08-06
Czech Leaves Monetary Policy Unchanged
The Czech National Bank held its benchmark two-week repo rate unchanged at 0.25 percent on June 24th of 2019, as expected after cutting rates by 75bps at each of the previous two meetings. The Lombard rate and the discount rate were also kept at 1 percent and 0.05 percent, respectively.
2020-06-24
Czech Republic Cuts Key Rate to 0.25%
The Czech National Bank slashed its benchmark two-week repo rate by 75bps to 0.25 percent on May 7th of 2020, to cushion the economic blow of the coronavirus and defying market expectations of a smaller 25bps reduction. It follows a cut by a similar margin in the previous meeting and brings borrowing costs to its lowest since September of 2017. At the same time, it lowered the Lombard rate to 1 percent while the discount rate remained unchanged at 0.05 percent.
2020-05-07
Czech Republic Slashes Key Rate to 1%
The Czech National Bank slashed its benchmark two-week repo rate by 75bps to 1 percent on March 26th, bringing borrowing costs to its lowest since July 2018 and defying market expectations of a smaller 25bps cut. It follows a 50bps cut last week at a surprise meeting. At the same time, it lowered the Lombard rate to 2 percent and the discount rate to 0.05 percent.
2020-03-26

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.