FX rate declared by the CNB for 26/3/2026
EUR - 24.475 CZK
USD - 21.208 CZK

The CNB sells its building in Plzeň

The Czech National Bank (CNB) has completed the sale of its building in Plzeň. It will be acquired by the construction company V.D.O. Group s.r.o., which offered the highest price (CZK 102.5 million). The sale of the property is part of the CNB’s long-term efforts to manage its assets effectively, optimise operating costs and modernise services for clients. The Bank Board decided on the sale on 8 January 2026.

CNB RB 1/2026 – Flight from the Front Line: Geopolitical Risk, Distance, and Capital Flow Dynamics

The Czech National Bank has published its first Research Brief. CNB Research Briefs are short articles presenting the results of ongoing or completed research in a less technical form. In the first issue, CNB economists present research examining how geopolitical shocks affect international capital flows and exchange rates depending on countries’ geographic distance from the conflict. Using data for 40 economies, the authors show that countries closer to the conflict tend to experience capital outflows and currency depreciation pressures, while more distant economies record capital inflows and currency appreciation.

CNB WP 6/2026 – Households’ Inflation Expectations and Consumption in Macroeconomic Models: A Negative Real Income Channel

The paper shows that introducing empirically observed low passthrough from households’ inflation expectations to nominal wage expectations into macroeconomic models implies that higher inflation expectations can reduce consumption in heterogeneous household settings where profits do not offset lower expected real labour income. This has important implications for efforts to use inflation expectations as a policy tool.

CNB WP 5/2026 – International Spillovers from Euro Area Monetary Policy to Advanced Small Open Economies: Investment Behavior of Czech Firms

The paper examines spillovers of euro area monetary policy to investment decisions of Czech firms. The results suggest the presence of the trade channel, some evidence for the balance sheet channel is detected before 2014 and for foreign currency borrowing cost channel after 2014. Importantly, the overall spillovers from euro area monetary policy have weakened significantly since 2014.

CNB Board decisions

Statement of the Bank Board and presentation for the press conference

Inflation falls to 1.4% in February, the lowest since 2016

The CNB comments on the February 2026 inflation figures

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.

Consumer prices in the Czech Republic are going up at a rate of around 2% a year. Maintaining low, stable and thus predictable inflation is the primary objective of the Czech National Bank.

The CNB Lab innovation hub is a platform that brings together the central bank’s activities in the area of innovation and modern technologies. It provides a single point of access to information on projects focused on artificial intelligence, digital assets testing and the future of payments.

By 2028, the Czech National Bank will hold 100 tonnes of gold – the most in its history – in its international reserves, gradually rebuilding the nation’s gold reserves. Why gold?

Payments are an essential part of our daily lives, and instant payments allow you to send money without the wait. How exactly do they work, and how can they make your life easier? Read more to find out.

The CNB has prepared a web portal devoted to its financial and economic literacy activities for the public.

Key rates

2.50%

Discount rate

3.50%

2W repo rate

4.50%

Lombard rate

Inflation

1.4%

February 2026

Current CNB forecast

1.6%

Inflation 2026

2.1%

Inflation 2027

2.9%

GDP 2026

2.9%

GDP 2027

Capital buffer rates

1.25%

CCyB rate

0.5%

SyRB rate

2.5%

O-SIIBmax rate

Limits on credit ratios

80%

LTV

– –

DTI

– –

DSTI

Golden Rules for Bureau-de-Change Clients

  1. Change money only at designated bureaux de change. Before changing money, carefully read all the information given on the exchange rate list.
  2. The terms “purchase and sale of foreign currency” and the corresponding exchange rates, i.e. the information about the direction of the exchange, are given from the bureau de change’s perspective...

More about ten golden rules