FX rates 27.03.2026
All FX rates
EUR - 10.000 CZK
USD - 1.500 CZK
GBP - 15.000 CZK

Shadow forecast created by the extended g3+ model

After a year, we present another in a series of adjustments and partial extensions to the core prediction model g3+[1], reflecting economic developments and experience with its use.
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 CNB has prepared a web guide for the public dedicated to its activities in the field of financial and economic education.
Inflation in the Czech Republic is again at low levels, close to the two percent inflation target. The CNB will consistently ensure that inflation remains low and stable in the long term. What inflation do we expect for this year?
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CNB base rates

3,00 %

Discount rate

4,00 %

2T Repo rate

5,00 %

Lombard rate

Inflation

3,0 %

December 2024

Current CNB forecast

2,5 %

Inflation 2024

2,6 %

Inflation 2025

1,0 %

HDP 2024

2,4 %

HDP 2025

Bank capital reserves

1,25 %

CCyB rate

0,5 %

SyRB rate

2,5 %

J-SVImax rate

Mortgage indicator limits

80 %

LTV

– –

DTI

– –

DSTI

Mortgage loan risks

  • Am I taking out too much credit?
    The ratio between the loan and the value of the mortgaged property should not exceed 80%, or 90% for loans to finance own housing for applicants under 36 years of age.
  • Can I pay back?
    There is an increased risk of defaulting on a loan if the repayments on all of the applicant's loans exceed 40% of their net monthly income.
  • Will I be over-indebted?
    The risk of defaulting on a loan increases when the total debt of the loan applicant exceeds eight times his net annual income.

 

Career at the CNB