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CZECHIA: CNB Adjust Macroprudential Measures Following CNB Board Meeting

CZECHIA
BulletEM BulletEmerging Market News

Highlights from the press release following the CNB Board meeting on financial stability and macroprudential measures:

  • The Bank Board assessed the configuration of banks’ capital buffers and decided to reduce the countercyclical capital buffer (CCyB) rate to 1.25% with effect from 1 July 2024, to set the systemic risk buffer (SyRB) rate at 0.5% with effect from 1 January 2025.
  • The CNB Bank Board discussed the risks related to mortgage lending and decided to leave the upper limit on the LTV ratio at 80% (90% for applicants under 36 years) and keep the upper DSTI and DTI limits deactivated.
  • Stress tests have indicated that the Czech financial sector remains resilient to adverse economic developments, thanks partly to the capital buffers applied.
  • The CNB will publish the full Financial Stability Report on 24 June.

See the full release here.

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Highlights from the press release following the CNB Board meeting on financial stability and macroprudential measures:

  • The Bank Board assessed the configuration of banks’ capital buffers and decided to reduce the countercyclical capital buffer (CCyB) rate to 1.25% with effect from 1 July 2024, to set the systemic risk buffer (SyRB) rate at 0.5% with effect from 1 January 2025.
  • The CNB Bank Board discussed the risks related to mortgage lending and decided to leave the upper limit on the LTV ratio at 80% (90% for applicants under 36 years) and keep the upper DSTI and DTI limits deactivated.
  • Stress tests have indicated that the Czech financial sector remains resilient to adverse economic developments, thanks partly to the capital buffers applied.
  • The CNB will publish the full Financial Stability Report on 24 June.

See the full release here.