At its 29 March monetary policy meeting, the Czech National Bank left the two-week repurchase rate unchanged at a record low of 0.75%, in a decision universally expected by market analysts. The Central Bank has not changed the main monetary policy rate since May 2010. At its current level, the two-week repurchase rate remains 25 basis points below the European Central Bank's main policy rate. As in previous statements, the Central Bank argued that, in line with forecasts, inflation will rise temporarily to just above 3% this year, owing to the January VAT increase, but will fall back below the Bank's 2.0% 1.0% inflation target at the beginning of 2013. Moreover, monetary authorities acknowledged that recent economic indicators continue to suggest that economic activity is losing momentum. The next monetary policy meeting is scheduled for 3 May.
Czech Republic Monetary Policy
Central Bank stays put for 19th consecutive month
March 29, 2012
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%.