2026-06-18
Added · Updated
The Czech National Bank increased its key 2-week repo rate by 25 basis points to 3.75% to maintain inflation near the 2% target amid persistent domestic inflationary pressures. The Bank Board raised the discount rate to 2.75% and the Lombard rate to 4.75%, citing tight labor markets, rapid wage growth, and elevated services inflation as primary drivers. Six board members voted in favor of the hike while one member preferred to leave rates unchanged, with the Board assessing the overall inflation outlook as risky.