Czech National Bank

Czech National Bank
Česká národní banka (Czech)

Czech National Bank (ČNB) headquarters in Prague. View of the main entrance.

Headquarters

Prague, Czech Republic

Established

January 1993, after the dissolution of Czechoslovakia

Governor

Miroslav Singer

Central bank of

Czech Republic

Currency

Czech koruna

ISO 4217 Code

CZK

Website

www.cnb.cz/en/

Preceded by

Czechoslovak National Bank (ČSNB), 1919–1993

The Czech National Bank (Czech: Česká národní banka, ČNB) is the central bank and financial market supervisor in the Czech Republic with its headquarters in Prague. The Bank's governor is Miroslav Singer. In accordance with its primary objective, the ČNB sets monetary policy, issues banknotes and coins and manages the circulation of currency, the payment system and settlement between banks. It also performs supervision of the banking sector, the capital market, the insurance industry, pension funds, credit unions and electronic money institutions, as well as foreign exchange supervision.

1 Mission
2 Board members
3 Monetary policy instruments
4 See also
5 External links

Mission

Primary objective of ČNB as stated in the Act on ČNB is price stability. Secondary objective is to support a sustainable economic growth. Currently in employs inflation targeting monetary transmission mechanism. The goal is to stabilize inflation around 2.0% per annum.

Board members

Miroslav Singer (Governor)
Mojmír Hampl (Vice-Governor)
Vladimír Tomšík (Vice-Governor)
Kamil Janáček
Lubomír Lízal
Pavel Řežábek
Eva Zamrazilová

Monetary policy instruments

Banks can deposit excess liquidity overnight with ČNB at the discount rate and can borrow overnight funds at the lombard rate. Thus these two rates create a corridor for the short-term money market rates. Moreover ČNB conducts open market operations in the form of repurchase agreements (REPOs). The basic duration is 2 weeks. Currently ČNB is absorbing excess liquidity. The aim of these operations is to influence the short-term rates which subsequently affects the economic activity, flow of capital and inflation.

External links

(Czech) (English) Czech National Bank official site
(English) Czech National Bank building on Prague-wiki

Central banks

Global

Global	Bank for International Settlements · Basel Committee on Banking Supervision · Financial Stability Board

By continent

Africa	Bank of Central African States · Central Bank of West African States · Bank of Algeria · Central Bank of Angola · Bank of Botswana · Bank of the Republic of Burundi · Bank of Cape Verde · Central Bank of the Comoros · Central Bank of the Congo · Central Bank of Djibouti · Central Bank of Egypt · Bank of Eritrea · National Bank of Ethiopia · Central Bank of The Gambia · Bank of Ghana · Central Bank of the Republic of Guinea · Central Bank of Kenya · Central Bank of Lesotho · Central Bank of Liberia · Central Bank of Libya · Reserve Bank of Malawi · Bank of Mauritius · Bank Al-Maghrib · Bank of Namibia · Central Bank of Nigeria · Bank of Somaliland · South African Reserve Bank · Bank of South Sudan · Bank of Sudan · Central Bank of Swaziland · Bank of Tanzania · Central Bank of Tunisia · Bank of Uganda · Bank of Zambia · Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina · Central Bank of Aruba · Central Bank of The Bahamas · Central Bank of Barbados · Central Bank of Brazil · Bank of Canada · Central Bank of Chile · Bank of the Republic (Colombia) · Central Bank of Cuba · Central Bank of Curaçao and Sint Maarten · Eastern Caribbean Central Bank · Bank of the Republic of Haiti · Central Bank of Honduras · Bank of Jamaica · Bank of Mexico · Central Bank of Nicaragua · Central Reserve Bank of Peru · Central Bank of Suriname · Central Bank of Trinidad and Tobago · Federal Reserve System (United States) · Central Bank of Venezuela

Asia	Da Afghanistan Bank · Central Bank of Bahrain · Bangladesh Bank · Royal Monetary Authority of Bhutan · Brunei Currency and Monetary Board · National Bank of Cambodia · People's Bank of China · Hong Kong Monetary Authority · Reserve Bank of India · Bank Indonesia · Central Bank of the Islamic Republic of Iran · Central Bank of Iraq · Bank of Israel · Bank of Japan · Central Bank of Jordan · National Bank of Kazakhstan · National Bank of the Kyrgyz Republic · Bank of Korea · Central Bank of the Democratic People's Republic of Korea · Central Bank of Kuwait · Banque du Liban · Monetary Authority of Macao · Bank Negara Malaysia · Maldives Monetary Authority · Bank of Mongolia · Central Bank of Myanmar · Nepal Rastra Bank · Central Bank of Oman · State Bank of Pakistan · Palestine Monetary Authority · Bangko Sentral ng Pilipinas · Qatar Central Bank · Monetary Authority of Singapore · Central Bank of Sri Lanka · Central Bank of Syria · Central Bank of the Republic of China (Taiwan) · Bank of Thailand · Central Bank of the United Arab Emirates · Central Bank of Uzbekistan · State Bank of Vietnam

Europe	European Central Bank (Eurosystem) · National Bank of the Republic of Abkhazia · Bank of Albania · Central Bank of Armenia · Central Bank of Azerbaijan · National Bank of the Republic of Belarus · Central Bank of Bosnia and Herzegovina · Bulgarian National Bank · Croatian National Bank · Czech National Bank · Danmarks Nationalbank · Bank of England · National Bank of Georgia · Hungarian National Bank · Central Bank of Iceland · Central Bank of Kosovo · National Bank of Latvia · Bank of Lithuania · National Bank of the Republic of Macedonia · National Bank of Moldova · Central Bank of Montenegro · Norges Bank · Central Bank of the Turkish Republic of Northern Cyprus · National Bank of Poland · National Bank of Romania · Central Bank of Russia · National Bank of Serbia · Sveriges Riksbank · Swiss National Bank · Central Bank of the Republic of Turkey · National Bank of Ukraine

Oceania	Reserve Bank of Australia · Reserve Bank of Fiji · Reserve Bank of New Zealand · Bank of Papua New Guinea · Central Bank of Samoa · Central Bank of Solomon Islands · National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement · Contractionary monetary policy · Expansionary monetary policy

Implementation	Capital control · Discount rate · Interest rates · Money creation · Open market operations · Sovereign wealth fund

Bretton Woods system

International Monetary Fund · World Bank Group (International Bank for Reconstruction and Development · International Centre for Settlement of Investment Disputes · International Development Association · International Finance Corporation · Multilateral Investment Guarantee Agency)

Lists

List of central banks · Central banks and currencies of Africa · Central banks and currencies of the Caribbean · Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

Central banks of the European Union

Within Eurozone	National Bank of Austria · National Bank of Belgium · Central Bank of Cyprus · Bank of Estonia · Bank of Finland · Banque de France · Deutsche Bundesbank · Bank of Greece · Central Bank and Financial Services Authority of Ireland · Banca d'Italia · Central Bank of Luxembourg · Central Bank of Malta · De Nederlandsche Bank · Bank of Portugal · National Bank of Slovakia · Bank of Slovenia · Bank of Spain

Outside Eurozone	Bulgarian National Bank · Czech National Bank · Danmarks Nationalbank · Hungarian National Bank · National Bank of Latvia · Bank of Lithuania · Polish National Bank · National Bank of Romania · Sveriges Riksbank · Bank of England

Banking-related EU institutions	European Central Bank · European System of Central Banks · European Investment Bank

Central banks · European Union

Czech National Bank

Contents

Mission

Board members

Monetary policy instruments

See also

External links