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# Czech National Bank Cuts Two-Week Repo Rate to 4.00% as Easing Cycle Extends
- URL: https://www.theglobalbanker.com/czech-national-bank-cuts-two-week-repo-rate-4-00-easing-cycle/
- Published: 2024-11-07T14:00:00.000Z
- Updated: 2026-10-02T13:35:28.000Z
- Description: The CNB lowered its two-week repo rate to 4.00%, extending the easing cycle it began in December 2023.
- Author: TGB Editorial Team
- Tags: Central Banks, Europe, #archive

The Czech National Bank reduced its two-week repo rate to 4.00% at its November 2024 board meeting, continuing the easing the bank had pursued throughout the year. 

Policymakers noted that inflation had retreated from the elevated levels recorded in 2022 and much of 2023\. The Board said monetary policy nonetheless remained tight, with real interest rates positive, and that the fight against inflation was not over.

#### CUMULATIVE EASING IN 2024

The Bank Board had begun lowering rates in December 2023, and the two-week repo rate had since fallen from 7% to 4%. The Bank Board described its approach to lowering rates as cautious.

#### OUTLOOK FOR FURTHER EASING

The Bank Board said it would approach further easing with great caution and might pause the rate-cutting process, with future decisions contingent on incoming data on inflation, wages, and domestic demand. 

The Bank Board's next monetary policy meeting was scheduled for 19 December 2024.