The Czech National Bank held its two-week repo rate at a record low of 0.05 percent on March 30th, as widely expected. The discount rate and the Lombard rate were also left unchanged at 0.05 percent and 0.25 percent, respectively. The central bank added it will continue to use the exchange rate as an additional instrument for easing the monetary conditions and confirmed its commitment to intervene on the foreign exchange market if needed to weaken the koruna so that the exchange rate of the koruna against the euro is kept close to CZK 27/EUR. Interest Rate in Czech Republic averaged 5.18 percent from 1995 until 2016, reaching an all time high of 39 percent in June of 1997 and a record low of 0.05 percent in November of 2012.
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In Czech Republic benchmark interest rate is set by the Czech National Bank (Ceská Národní Bank CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank. This page provides the latest reported value for – Czech Republic Interest Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic Interest Rate – actual data, historical chart and calendar of releases – was last updated on April of 2017.