CNB increases interest rates

UniCredit Bank Czech Republic and Slovakia,a.s.
Wed, 29/11/2017

The Board of the Czech National Bank opted for a hike in interest rates.                                                                                                                                                                                                   

After its latest meeting, the CNB announced to have increased the two-week repo rate by 25 basis points to 0.50%. At the same time, it raised the Lombard rate by 50 basis points to 1% and kept the discount rate unchanged at 0.05%.

The new interest rate levels came into effect on 3 November.


Tomas Vacha
Senior Relationship Manager
Global Securities Services Czech Republic