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FX rates 21.03.2025
All FX rates
EUR - 24.980 CZK
USD - 23.061 CZK
GBP - 29.815 CZK

Reverse stress testing of the banking sector

Thematic article by Miroslav Plašil and Martin Časta presents the CNB’s methodological approach to reverse stress testing, which is a useful complement to the standard bank solvency stress tests.

Minutes of the Bank Board meeting on setting the countercyclical capital buffer rate

Minutes of the Bank Board meeting on setting the countercyclical capital buffer rate on 6 March 2025, reflecting discussions by Bank Board members.

Petr Sklenář to become Executive Director of the Monetary Department

With effect from 1 June 2025, Petr Sklenář will become the new Executive Director of the Czech National Bank’s Monetary Department. He was appointed to this position by the Bank Board on 20 March 2025 on the basis of a selection procedure. Until Petr Sklenář assumes office, the Monetary Department will be led by Jakub Matějů, the current Deputy Executive Director in charge of the Macroeconomic Forecasting Division.

Vladimír Šibor is to become Deputy Executive Director of the Administration Department and Štěpán Kopřiva is to head the Crisis Management and Classified Information Protection Division

At its meeting on 20 March 2025, the Bank Board appointed Vladimír Šibor as Deputy Executive Director of the Administration Department and Štěpán Kopřiva as Director of the Crisis Management and Classified Information Protection Division, both with effect from 1 April 2025.

Attendance of CNB Bank Board members at the monetary policy meeting on 26 March 2025

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 26 March 2025.

Eva Zamrazilová: The role of heterogeneity of companies in monetary policy in the Czech Republic

At the Emerging Market Deputy Governors’ Meeting at the Bank for International Settlements (BIS) in Basel, CNB Deputy Governor Eva Zamrazilová spoke about how the high share of (mostly large) foreign controlled companies affects the transmission of Czech monetary policy to the economy. In this context, she also explained why the CNB Bank Board used the exchange rate channel in addition to higher interest rates to return inflation to the target at a time of elevated price growth. (pdf, 746 kB)

Read CNB Governor Aleš Michl’s selected speeches and interviews in which he explains how the central bank is fighting inflation and what steps it is taking to achieve price stability.

Consumer prices in the Czech Republic are going up at a rate of around 2% a year. Maintaining low, stable and thus predictable inflation is the primary objective of the Czech National Bank.

The CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

Read the CNB’s regular and occasional publications.

By 2028, the Czech National Bank will hold 100 tonnes of gold – the most in its history – in its international reserves, gradually rebuilding the nation’s gold reserves. Why gold?

Payments are an essential part of our daily lives, and instant payments allow you to send money without the wait. How exactly do they work, and how can they make your life easier? Read more to find out.

Key rates

2.75%

Discount Rate

3.75%

2W Repo Rate

4.75%

Lombard Rate

Inflation

2.7%

February 2025

CNB current forecast

2.4%

Inflation 2025

2.1%

Inflation 2026

2.0%

GDP 2025

2.4%

GDP 2026

Capital buffer rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIImax rate

Limits on credit ratios

80%

LTV

– –

DTI

– –

DSTI

Golden Rules for Bureau-de-Change Clients

  1. Change money only at designated bureaux de change. Before changing money, carefully read all the information given on the exchange rate list.
  2. The terms “purchase and sale of foreign currency” and the corresponding exchange rates, i.e. the information about the direction of the exchange, are given from the bureau de change’s perspective...

More about ten golden rules

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