CNB continues tightening cycle with 25bp hike

The Czech National Bank
The Czech National Bank

The Czech National Bank today (August 5) made its second rate hike of 2021, raising the key interest rate by another 25 basis points.

Inflation was 2.8% in June and the CNB expects it to climb further in the short term before moving back towards the 2% target by the end of next year.

Policy-makers voted to raise the key two-week repo rate to 0.75%. They chose to raise the Lombard rate 50bp to 1.75% and kept the discount rate unchanged at 0.05%. The Lombard lending facility is currently not in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: