Banks › Czech National Bank › History › 18 Jun 2026
Czech National Bank: decision of 18 June 2026
The CNB Bank Board raised the two-week repo rate by 0.25 percentage point to 3.75%, and the discount and Lombard rates to 2.75% and 4.75%.
Decision
raise
- Rate
- 3.50%↑3.75%
- Change
- +25 bp
- Vote
- 6–1
- 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
- 18 Jun 2026
- Data
- JSON
What the bank said
The Bank Board said core inflation had stayed elevated at just below 3% for six months without a downward tendency, and that sufficiently tight policy could lower it.
It said the updated forecast showed a risk of inflation temporarily rising slightly in late 2026 and early 2027.
It cited accelerating credit growth, debt-financed public spending, a tight labour market with rapid wage growth, and rising services prices as sources of inflationary pressure.
Guidance. The Bank Board said it would base decisions on newly available data and consider further actions very carefully.
“Core inflation has remained elevated at just below 3% for six months without showing a downward tendency.”
Dissent
Karina Kubelková voted for leaving rates unchanged.
Before and after
- Previous decision: 7 May 2026, held the two-week repo rate (2W repo rate) at 3.50%.
- Next decision: 6 Aug 2026, held the two-week repo rate (2W repo rate) at 3.75%.
- All Czech National Bank decisions and the rate history