FX rates 21.06.2024
All FX rates
EUR - 24.945 CZK
USD - 23.341 CZK
GBP - 29.515 CZK

Global Economic Outlook 6/2024 is out now

The June issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories. The analytical part of this issue assesses the forecasts included in GEO in 2023 and describes how successful each institution was. The article shows that 2023 was marked by a return to macroeconomic stabilisation after the turbulent 2022.

Attendance of CNB Bank Board members at the monetary policy meeting on 27 June 2024

All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 27 June 2024.

The CNB organized its first annual research workshop

The Czech National Bank organized its first annual research workshop on June 13-14, 2024, with the subtitle "Monetary and Financial Stability Policies in a Changing Economic Landscape." Researchers from European central banks and universities presented their contributions during the workshop. Keynote presentations were delivered by David Aikman from King's Business School and Phurichai Rungcharoenkitkul from the Bank for International Settlements.

cnBlog – ECB and financial markets: not always on the same wavelength

At the start of this year, financial markets had expected relatively sharp rate cuts in the euro area, whereas the ECB repeatedly opposed such an outlook in its statements. Soňa Benecká from the Monetary Department compares the market outlooks for euro area interest rates with the ECB’s communications.

Inflation approaches the CNB’s forecast and target in May 2024

The CNB comments on the May 2024 inflation figures

Central Bank Monitoring II/2024

Part of the central banks under review, including the ECB, lowered their rates at their recent meetings, while others kept them unchanged. Japan abandoned negative interest rates. A review of the Bank of Englands’s forecasting process was completed. The Spotlight focuses on comparing the market outlooks for euro area interest rates with the ECB’s communications, in particular on the gap between them at the start of this year. In our Selected Speech, Governor of the French BdF discusses the current decline in inflation and the question of the level at which interest rates are going to stabilise. (pdf, 837 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.

The older 1995–1999 versions of Czech banknotes have ceased to be legal tender. How can you identify the invalid banknotes most easily and where can you exchange them?

Key rates

4.25%

Discount Rate

5.25%

2W Repo Rate

6.25%

Lombard Rate

1.75%

CCyB
Rate

Inflation

2.6%

May 2024

CNB current forecast

2.3%

Inflation
2024

2.0%

Inflation
2025

1.4%

GDP
2024

2.7%

GDP
2025

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

CNB resumes operation of services at its branches

  • All branches and regional offices of the Czech National Bank will return to full operation, five days a week, from Monday, 14 December 2020.
  • The standard opening hours for CNB clients and the public will be Monday to Friday from 7.30 am to 2.00 pm, with a lunch break from 11.30 am to 12.30 pm.
  • Before your visit, you can check the opening hours for each of our offices on the CNB website (Prague, Brno, Ostrava, Plzeň, Hradec Králové, České Budějovice and Ústí nad Labem).