The Czech National Bank published preliminary monetary data for September 2026 showing slower annual growth in both broad money and private sector credit. Growth in broad money (M3) eased to 5.0% from 6.0% in August, while private sector credit growth declined to 10.9% from 11.4%. M3 outstanding fell to CZK 7.572 trillion from CZK 7.615 trillion in August, with declines in deposits and marketable instruments. Annual growth in narrow money (M1) slowed to 5.0% from 6.2%, while M2 growth eased to 4.7% from 5.5%. Despite the slower annual growth rate, private sector credit outstanding increased to CZK 5.021 trillion from CZK 4.973 trillion in August. Loans to nonfinancial corporations rose to CZK 1.678 trillion from CZK 1.652 trillion, while household loans increased to CZK 2.779 trillion from CZK 2.759 trillion.
Czech National Bank reports M3 growth slowing to 5% in September
The Czech National Bank’s preliminary September 2026 monetary survey shows annual M3 growth slowing to 5.0% from 6.0% in August and private sector credit growth easing to 10.9% from 11.4%. Broad money outstanding declined to CZK 7.572 trillion, while private sector credit increased to CZK 5.021 trillion.