The Czech National Bank held its benchmark two-week repo rate unchanged at 2 percent on August 1st 2019, as expected after inflation rate fell to a four-month low of 2.7 percent in June, the top of the central bank’s 1%-3% tolerance band. The Lombard rate and the discount rate were also kept at 3 percent and 1 percent, respectively. Interest Rate in Czech Republic averaged 4.80 percent from 1995 until 2019, reaching an all time high of 39 percent in June of 1997 and a record low of 0.05 percent in November of 2012.
Interest Rate in Czech Republic is expected to be 2.00 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 2.25 in 12 months time. In the long-term, the Czech Republic Interest Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.