Czech Republic

Mildly restrictive

Policy rate

3.75%

Last move Jun 2026

Inflation

2.46%

As of null

Real policy rate

1.29%

Policy rate less inflation

Debt to GDP

46.40%

2026 est.

Inflation target2%

Policy rate vs target—

Last move+25 bps hike

Months at current rate—

Real GDP growth2.20%

Next scheduled decisionNov 5, 2026

Policy rate path, latest five years.

The verdict

Czech Republic sets its policy rate at 3.75%, against inflation of 2.46% — a real rate of 1.29% after inflation. The most recent decision was a 25bp hike in Jun 2026. The bank targets 2% inflation, and prices are running above that at 2.46%. On the fiscal side, the economy carries government debt of 46.4% of GDP (2026 est.) and real GDP growth of 2.2%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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