Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
The Czech National Bank (CNB) raised its two-week repurchase rate by 25 basis points on November 5, with three of the board’s seven members preferring to leave policy unchanged.
The decision ended a pause that had been in place since June, when the CNB increased its policy rate for the first time since completing its post-pandemic easing cycle in May 2025. The bank’s new policy rate is 4%.
Governor Aleš Michl told a press conference that the board’s discussions had been about “whether our current
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