Czech National Bank raises its rate to 4%, second hike this year
The Czech National Bank raised its main rate by 0.25 point to 4% on November 5. The new rates apply from November 6.
Evento: 5 de novembro de 2026
Fonte primária: 5 de novembro de 2026
Publicado aqui: 5 de novembro de 2026 às 13:33 UTC
Ler: 2 min
O que aconteceu
The Czech National Bank (CNB) Bank Board raised its two-week repo rate (2W repo) by 0.25 point to 4.00% on November 5. The discount rate rose to 3.00% and the Lombard rate to 5.00%. The new rates apply from November 6.
Por que importa para você
The CNB rate sets the cost of loans and deposits in koruna. In a Bloomberg survey, all but one economist expected a hike to 4%. It is the second hike of 2026. The Bank of England also raised its rate to 4% the same day.
O que conferir e observar
The reasons come from Governor Aleš Michl's press conference and the CNB forecast. Watch the koruna. This is an overview, not financial advice.
Onde está acontecendo
LIVEArraste para girar. Pontos verdes: a bolsa está negociando agora (horário normal, sem contar feriados). Sombra: onde agora é noite. Fronteiras: Natural Earth, terremotos: USGS. Ideia das camadas: God’s Eye View (MIT).
What happened. On November 5 the Czech National Bank Bank Board raised the two-week repo rate by 0.25 point to 4.00%. This is the CNB's main rate. The discount rate rose by the same amount to 3.00%, and the Lombard rate to 5.00%. The new levels apply from November 6, 2026.
What was expected. Bloomberg reported in the morning that all but one economist in its survey expected a hike to 4%. It called this the second hike of the year and linked it to strong domestic demand and higher energy prices.
What else we know. The CNB press release gives only the numbers. Governor Aleš Michl explains the reasons at a press conference at 3 pm Prague time. The bank also publishes a monetary policy report section with its outlook.
Why it matters. Rates are rising again in Europe: the Riksbank raised to 2% on November 4, the Bank of England to 4% on November 5, and now the Czech Republic. Czech floating-rate loans get more expensive, and savings may pay a bit more. This is our view.
What we don't know. Whether more hikes follow. How the koruna reacts. What inflation forecast the CNB gives.
Fatos confirmados
- On November 5, 2026 the CNB Bank Board raised the 2W repo rate by 0.25 point to 4.00%.[1]
- The discount rate rose to 3.00% and the Lombard rate to 5.00%.[1]
- The new rates apply from November 6, 2026.[1]
- Governor Aleš Michl's press conference was set for 3 pm Prague time.[1]
- In a Bloomberg survey, all but one economist expected a hike to 4%; it is the second hike of 2026.[2]
Implicações
- ConfirmadoThe Czech main rate is now 4.00%.
- Nossa leituraFloating-rate koruna loans are likely to get more expensive. This is our view.
Ainda não se sabe
- Whether more hikes follow in 2027
- How the koruna reacts
- What inflation forecast the CNB gives
Quem é afetado
Czech Republic, Europe. Anyone with a loan or savings in koruna, and anyone who follows European interest rates
Fontes
- Czech National Bank: CNB increases interest rates 5 de novembro de 2026 · oficial
- Bloomberg: Czechs Set for Second Rate Hike This Year as Price Risks Persist 5 de novembro de 2026 · mídia
Capa: Gráfico de Freekonomist, uma imagem simbólica, não uma foto do evento. Este é um explicador de notícia, não recomendação financeira.
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