The Czech koruna 50 years after the beginning of the post-Bretton Woods system and the Czech National Bank 100 years after the establishment of the National Bank of Czechoslovakia
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Opening remarks by Mr Jan Frait, Deputy Governor of the Czech National Bank, at the “New challenges in central banking” conference marking the 100th anniversary of the Czech National Bank, Prague, 6 October 2026.
Related speeches
4 itemsAleš Michl: A central bank. And bitcoin.
The desk views the recent remarks by Aleš Michl, Governor of the Czech National Bank, at The Bitcoin Conference 2026 as a pivotal moment in the ongoing dialogue between traditional finance and cryptocurrencies. Per the full note [source], Michl emphasized the need for central banks to adapt to the growing influence of digital currencies, particularly Bitcoin, which he described as a significant challenge to monetary policy. This commentary aligns with our expectation of a cautious yet progressive stance from central banks regarding digital assets, particularly as they navigate inflationary pressures and evolving market dynamics.
CNB preview: Wait-and-see is the preferred attitude
The Czech National Bank (CNB) is likely to maintain its current interest rates in a 'wait-and-see' mode, reflecting an overall mildly restrictive monetary environment. Per the full note from ING, the outlook suggests that despite inflationary pressures, the CNB feels comfortable holding the base rate at 3.75%. With no upcoming high-impact events scheduled in the Czech Republic over the next 30 days, the focus will remain on November’s meeting, which is expected to be a key point for policy adjustments as inflation factors converge in early 2027.