FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
Two-week repo
3.50%
as of 2025-05-07
Next meeting
Aug 6
T-26d
The Czech National Bank (Česká národní banka) is the central bank of the Czech Republic, operating under a flexible inflation-targeting framework with a 2 percent target. The CNB Bank Board holds eight monetary policy meetings per year on a pre-announced schedule to set the two-week repo rate, which is the main policy rate.
Policy decisions are announced on the dates above. Source: official central bank schedules.
Two-week repo
3.50%
As of 2025-05-07
5 most-recent items prefer LLM synthesis where available
The Czech National Bank (CNB) has raised its policy rate to 3.75%, citing pro-inflationary domestic factors such as strong wage growth, elevated core inflation, and robust credit expansion as…
Reports referencing CNB across covered research desks
The Czech National Bank (CNB) has taken decisive action to curb inflation by hiking rates from 3.5% to 3.75%. This move is accompanied by hawkish signals that reflect the central bank's ongoing…
The Czech National Bank (CNB) is anticipated to implement a rate hike next Thursday, fueled by persistent core inflation despite emerging economic headwinds. Per the full note from ING, current…
The desk views the Czech National Bank's (CNB) current monetary policy stance as a balancing act between controlling inflation and supporting economic growth. Per the full note from ing-think, the…
The desk sees the resilience of Czech consumers as a stabilizing factor for the koruna, with March retail sales exceeding expectations, indicating robust household finances. Per the full note from…
The next Czech National Bank (CNB) policy decision is scheduled for Aug 6. Because Czech National Bank sets monetary policy for the CZK, its rate decisions and forward guidance are among the most important scheduled catalysts for CZK exchange rates, and sell-side FX desks reposition their CZK forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' CZK targets shift before and after CNB decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Czech National Bank's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the CZK, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for CZK forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 30 major banks read the CNB path and translates it into where the CZK consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Czech National Bank's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their CZK targets. Relative policy paths (the CNB versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which CNB actions transmit into the CZK. FX Bank Forecast compares the published CZK forecasts of 30 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the CNB outlook evolves.