At its 5 May meeting, the Central Bank left the two-week repurchase rate unchanged at a record low of 0.75%, in a move broadly expected by market analysts. Monetary officials have maintained the current policy rate since May 2010, when the Bank last cut interest rates by 25 basis points. At the current level, the two-week repo rate remains 50 basis points below the European Central Bank's main policy rate. In its statement, monetary officials argued that headline inflation remains close to the inflation target of 2.0% 1.0% over the near-term monetary policy horizon. In addition, authorities acknowledged that inflation pressures from domestic demand remain absent, as economic growth will slow this year as a result of the fiscal measures adopted by the government. The next monetary policy meeting is scheduled for 23 June.
Czech Republic Monetary Policy
Central Bank maintains interest rate unaltered in one full year
May 5, 2011
Looking for forecasts related to Monetary Policy in Czech Republic? Download a sample report now.
Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.