The Czech National Bank kept its two-week repo rate unchanged at 3.5% in November 2025, matching market expectations and marking the fourth consecutive pause. The discount and Lombard rates were also maintained at 2.5% and 4.5%, respectively. Headline inflation rose to 2.5% in October, exceeding forecasts but remaining within the CNB’s 2% ±1 percentage point target range. Economic growth proved resilient, with GDP expanding 2.7% year-on-year in Q3, marking the fastest pace of growth since Q2 2022.