Banks › Czech National Bank › History › 7 May 2026
Czech National Bank: decision of 7 May 2026
The CNB Bank Board kept the two-week repo rate unchanged at 3.50%, with the discount rate at 2.50% and the Lombard rate at 4.50%.
Decision
hold
- Rate
- 3.50%=3.50%
- Change
- 0 bp
- Vote
- unanimous
- Announced
- 14:30 Prague time
Sources
- Statement
- cnb.cz/en/cnb-news/press-releases/CN…
- Minutes
- cnb.cz/en/monetary-policy/bank-board…?tab=record
- Press conference presentation
- cnb.cz/export/sites/cnb/en/monetary-…
- Press conference Q&A transcript
- cnb.cz/en/monetary-policy/bank-board…?tab=transcript
- Recorded
- 7 May 2026
- Data
- JSON
What the bank said
The Bank Board said it decided amid exceptional uncertainty from the conflict in the Middle East and discussed scenarios for its impact on inflation and activity.
It said the new forecast put inflation in the upper half of the tolerance band for the rest of the year because of higher fuel prices, averaging 2.2% in 2026, with core inflation around 3%.
It assessed the risks to the inflation outlook as inflationary overall and concluded that monetary policy needs to be kept relatively tight.
Guidance. The Bank Board said it would base decisions on newly available data and that keeping inflation near 2% currently requires relatively tight monetary policy.
“The Bank Board made its decision today amid exceptional uncertainty stemming from the conflict in the Middle East.”
Before and after
- Previous decision: 19 Mar 2026, held the two-week repo rate (2W repo rate) at 3.50%.
- Next decision: 18 Jun 2026, raised the two-week repo rate (2W repo rate) by 25 bp to 3.75%.
- All Czech National Bank decisions and the rate history