Gross domestic product 2.2 % yoy Consumer price inflation (inflation) 1.9 % yoy Industrial production 1.5 % yoy Gross domestic product development 2.2 % yoy Wage dynamics 8.1 % yoy nominal Monthly consumer price inflation (inflation) 2.1 % yoy total Post-Covid revival of economic activity 1.5 %yoy (04-2026) Unemployment 4.96 % (05-2026) Trust indicators -1.3 % yoy

Low inflation may be misleading. Domestic pressures could prompt the CNB to raise interest rates. April industrial numbers show solid economic health Lower May inflation with stronger wage growth poses a triple dilemma for the CNB April's decline in retail sales does not change the outlook for consumption. However, risks are increasing in the second quarter The economy slowed in the first quarter, but its structure remains encouraging

Banking sector assets 11 919.00 billion CZK Number of employees 38 187 Number of banks by size 43 (total) Bank profits in the economy 128.96 CZK billion Profitability of the banking sector 1.13 % profit on assets Capital adequacy and the role of profit in it 23.19 % Interest income and expense 45.05 billion CZK Interest income in bank profits 176.74 billion CZK Net interest income 1.57 % of assets

CNB tightens banks' capital buffer. Responds to faster credit growth and new risks, including fiscal Banking statistics for March 2026 Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. Banking statistics for February 2026 Loans are mainly driven by mortgages, which is why the CNB left the countercyclical reserve at 1.25%, but with the risk of an increase

Credit dynamics 8.6 % yoy Deposit dynamics 5.0 % yoy Share of bad (non-performing) loans 1.5 % New loans in the economy 138.2 billion CZK New loans in the economy in detail 66 billion CZK Interest rates on new loans 4.5 %

CNB tightens banks' capital buffer. Responds to faster credit growth and new risks, including fiscal Stronger wave of mortgage refixing, while the interest-rate shock eases. Higher inflation remains a risk. Banking statistics for March 2026 Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. Fiscal policy keeps all options open for CNB interest rate movements

Number of new mortgages granted without and with refinancing and increases 30 thousand; ytd Volume of newly granted mortgages without and with refinancing and increase 141.3 CZK billion; ytd Average interest rate on new mortgages 4.52 % Average size of a new mortgage 4.89 miles. CZK Illustrative average monthly mortgage payment 26 233 CZK Mortgage origination volumes for the full year 372 billion CZK

CBA Hypomonitor: April also rewrote mortgage highs with still low rate of 4.52% Stronger wave of mortgage refixing, while the interest-rate shock eases. Higher inflation remains a risk. CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%. Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping. CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%.

Development of real estate offer prices 12.9 % yoy Development of realised prices of older flats 16.0 % yoy Development of realised prices of flats in Prague, %yoy 11.3 % yoy Prices of new and new-build flats and number of transactions 9.6 % yoy Prices of older flats and number of transactions 15.7 % yoy Prices of flats and houses 11.3 % yoy Prices of new and new flats by region 137.2 thous. CZK per m2 Prices of older flats by regional cities 75.3 thous. CZK per m2 House prices by regional towns 6.16 (price per house in CZK million)

Strong pace of growth in supply prices of flats also at the beginning of 2026 Stronger household incomes outpaced house price growth for six quarters House prices up 12 percent last year, rental housing up 10 percent in some regions House prices have maintained 10% momentum, which is not the case for disposable income Higher house prices spark richer debate over central bank macroprudential policy than first appears

CBA forecast: gross domestic product 2.0 % yoy CBA forecast: consumer prices (inflation) 2.5 % yoy CBA forecast: average wage 6.1 % yoy CBA forecast: unemployment 4.8 % CBA forecast: CNB interest rate 3.50 % CBA forecast: exchange rate against the euro 24.4 CZK/euro

CBA Macroeconomic Forecast 2Q26 (Part 2): interview with Helena Horská CBA Macroeconomic Forecast 2Q26 (Part 1): interview with economist Petr Gapek MACROECONOMIC FORECAST OF THE CZECH REPUBLIC 2Q 26 CBA Macroeconomic Forecast 1Q26 (Part 2): interview with economist Pavel Sobíšek CBA Macroeconomic Forecast 1Q26 (Part 1): interview with economist Jan Vejmělek