CNB Repo Rate - Czech Republic Czech Central Bank interest rate
This page shows the current and historic values of the 2-week Repo Rate as set by the Czech Central Bank (Czech National Bank, CNB). The two-week Repo Rate is often regarded as the most important interest rate of the CNB.
|
Date
|
Rate
|
|---|---|
|
03-21-2024
|
5.75 %
|
|
02-08-2024
|
6.25 %
|
|
12-21-2023
|
6.75 %
|
|
06-22-2022
|
7.00 %
|
|
05-05-2022
|
5.75 %
|
|
03-31-2022
|
5.00 %
|
|
02-03-2022
|
4.50 %
|
|
12-23-2021
|
3.75 %
|
|
11-05-2021
|
2.75 %
|
|
09-30-2021
|
1.50 %
|
Chart CNB 2-week repo rate
Historical interest ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
Czech National Bank (CNB)
The primary objective of the central bank of the Czech Republic is to achieve and maintain price stability - a low level of inflation - which should help achieve sustainable economic growth. With its monetary policy the Czech central bank is striving for a low level of inflation.
View the current and historical Czech inflation rates
Next to that is the CNB issuing banknotes and coins and is it managing the money flow and payment system.
CNB 2 week repo rate
When reference is made to the Czech interest rate this often refers to the CNB 2-week Repo Rate. Changing this base rate is an important tool to maintain price stability. It concerns a short term loan with a maturity of 2 weeks.
When the 2-week Repo Rate is being altered, the interbank rate will change in the same direction most of the time. This has consequences for the interest rate level of bank products like savings accounts, mortgages and loans. Changes in the Repo Rate usually also affect the exchange rate of the Czech Koruna.