Key repo rate held at 3.75 percent
The Czech National Bank has kept its primary interest rates unchanged at its monetary policy meeting on August 6, 2026. The two-week repo rate remains at 3.75 percent, with the discount rate at 2.75 percent and the Lombard rate at 4.75 percent.
Three benchmarks stay frozen
At its monetary policy meeting on August 6, 2026, the Bank Board of the Czech National Bank decided to leave all key interest rates at their existing levels.
Consequently, the key benchmark two-week repo rate stays at 3.75 percent.
In parallel, the discount rate remains set at 2.75 percent, while the Lombard rate is maintained at 4.75 percent.
By keeping all three rates static, the central bank maintains its current operational stance across liquidity absorption and credit facilities.
The decision covers all primary policy instruments utilized by the central bank to manage monetary conditions across the domestic banking system, ensuring stability in short-term interest rates.
Michl takes the stage
Following the decision, the central bank scheduled a dedicated press conference for accredited media representatives at 3 p.m. local time.
Governor Aleš Michl will lead the briefing to present the underlying economic considerations at the Congress Centre in Prague.
The conference is hosted in room MP614 at Senovážné náměstí 30. Journalists are required to register their attendance by 2:30 p.m. via telephone or email with the communications division, headed by Director Jakub Holas.
A procedural pause
The brief statement confirms rate levels but offers zero economic rationale.
By delaying all analytical context for the press briefing, policymakers force markets to wait for verbal commentary.
This release is a procedural footnote rather than a substantive policy signal.
Source: CNB keeps interest rates unchanged
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