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CNB Czech National Bank

Inflation Slightly Below CNB’s Forecast

The Czech National Bank comments on the January 2013 inflation figures.

February 12, 2013

Czech National Bank: Recession Goes On in 2013

According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.

February 7, 2013

Czech National Bank Keeps Interest Rates Unchanged

The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%.

February 6, 2013

Czech Republic: Both Presidential Candidates Want to Join Eurozone

Unlike the outgoing President of the Czech Republic Vaclav Klaus, Milos Zeman and Karel Schwarzenberg are in favor of the euro.

January 19, 2013

Czech Republic Does Not Fulfill Maastricht Criteria

At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.

December 28, 2012

Czech Republic: Interest Rate Remains Unchanged

The council of CNB (Czech National Bank) decided to let the interest rate at 0.05%.

December 19, 2012

CNB Underlines Stability of Czech Banking Sector

According to CNB, the banking industry is able to bear potential external shocks.

December 5, 2012

Pension Costs to Increase Moderately

According to CNB (Czech National Bank), pension costs will increase by 3.0% of GDP in the next fifty years.

November 30, 2012

CNB: „Czech Republic Does Not Need Quantative Easing“

The Czech National Bank underlines that the country´s economy is fundamentally stable. The current situation would be managable.

November 20, 2012

Czech Republic Does not Leave Recession Behind

The country does not only stay in a recession, the situation worsens further, economists say.

November 13, 2012

Czech Republic to Stagnate

The economic outlook for the Czech Republic had to be revised again. After a significant recession in 2012, the Czech GDP will only grow by 0.2% next year.

November 2, 2012

CNB: Interest Rate at Historical Low

Today, the Czech National Bank (CNB) decided to cut the interest rate to 0.05%. Now, foreign exchange interventions are the only tool for CNB.

November 2, 2012

Czech Household Debt on the Rise

Against 2011, Czech household debt was up by 4.2%. At the end of September, the level of debt of Czech households to banks reached € 45.8bn.

October 31, 2012

„Banking Union Weakens Central Banks“

The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.

October 30, 2012

Czech Banking Sector to Sharpen Lending Conditions

For corporate and housing loans, lending conditions were tightened in the third quarter of 2012.

October 23, 2012

Czech National Bank Open for Interventions

At the moment, the Czech National Bank (CNB) sees no reason for weakening the exchange rate of the Czech Crown. However, CNB is ready to start interventions if necessary.

October 12, 2012