{
  "data": {
    "id": "czech-national-bank-2026-02-05",
    "bank": "czech-national-bank",
    "bankName": "Czech National Bank",
    "country": "CZ",
    "date": "2026-02-05",
    "announceAt": "2026-02-05T13:30:00Z",
    "timezone": "Europe/Prague",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 3.5,
    "step": 0.25,
    "calendarSource": "https://www.cnb.cz/en/cnb-news/news/Dates-of-the-CNB-Boards-meetings-in-2026-00001/",
    "citation": "Listed among the \"monetary policy meetings\" in the CNB's published Bank Board calendar for 2026, which says \"The CNB will publish the Bank Board's monetary policy decision at www.cnb.cz at 2.30 p.m. on the day of the meeting\" (Prague time, converted to UTC).",
    "settleSource": {
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        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-02-05",
      "rateBefore": 3.5,
      "rateAfter": 3.5,
      "direction": "hold",
      "statement": "https://www.cnb.cz/en/cnb-news/press-releases/CNB-keeps-interest-rates-unchanged-00111",
      "observed": true
    },
    "page": "https://macroindex.org/bank/czech-national-bank/decision/2026-02-05",
    "account": {
      "summary": "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%.",
      "vote": "unanimous",
      "reasons": [
        "The Bank Board said inflation had been close to the 2% target since January 2024 and that the new forecast put headline inflation below 2% throughout 2026, mainly because the renewable energy fee was moved to the state budget.",
        "It said core inflation would stay elevated, with a tight labour market, wages rising at an elevated pace, services inflation and property price growth all adding to inflation.",
        "It judged that relatively tight monetary policy was still needed so that credit and money growth do not become excessive."
      ],
      "guidance": "The Bank Board said it would base future decisions on newly available data and that keeping inflation near 2% in the long term still requires relatively tight monetary policy.",
      "quote": "At present, this still requires relatively tight monetary policy.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.cnb.cz/en/monetary-policy/bank-board-decisions/CNB-Board-decisions-1770278400000/?tab=record"
        },
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          "label": "Press conference presentation",
          "url": "https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/bank_board_minutes/2026/tk_01sz2026_aj.pdf"
        },
        {
          "label": "Press conference Q&A transcript",
          "url": "https://www.cnb.cz/en/monetary-policy/bank-board-decisions/CNB-Board-decisions-1770278400000/?tab=transcript"
        }
      ],
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        "https://www.cnb.cz/en/cnb-news/press-releases/CNB-keeps-interest-rates-unchanged-00111"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:38:03.471Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
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}