{
  "data": {
    "id": "czech-national-bank-2026-06-18",
    "bank": "czech-national-bank",
    "bankName": "Czech National Bank",
    "country": "CZ",
    "date": "2026-06-18",
    "announceAt": "2026-06-18T12:30:00Z",
    "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": "2026-06-18",
      "rateBefore": 3.5,
      "rateAfter": 3.75,
      "direction": "raise",
      "statement": "https://www.cnb.cz/en/cnb-news/press-releases/CNB-increases-interest-rates-00024",
      "observed": true
    },
    "page": "https://macroindex.org/bank/czech-national-bank/decision/2026-06-18",
    "account": {
      "summary": "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%.",
      "vote": "6–1",
      "dissent": "Karina Kubelková voted for leaving rates unchanged.",
      "reasons": [
        "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.",
      "quote": "Core inflation has remained elevated at just below 3% for six months without showing a downward tendency.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.cnb.cz/en/monetary-policy/bank-board-decisions/CNB-Board-decisions-1781766000000/?tab=record"
        },
        {
          "label": "Press conference presentation",
          "url": "https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/bank_board_minutes/2026/tk_04sz2026_aj.pdf"
        },
        {
          "label": "Press conference Q&A transcript",
          "url": "https://www.cnb.cz/en/monetary-policy/bank-board-decisions/CNB-Board-decisions-1781766000000/?tab=transcript"
        }
      ],
      "readFrom": [
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        "https://www.cnb.cz/en/monetary-policy/bank-board-decisions/CNB-Board-decisions-1781766000000/?tab=record",
        "https://www.cnb.cz/en/cnb-news/press-releases/CNB-increases-interest-rates-00024"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:37:59.658Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
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}