Czech Republic - Factors To Watch on May 7

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C.BANK NEARING RATE HIKE

Some Czech central bankers worry strong economic growth and declining unemployment might spur inflation, the minutes of their April 26 meeting showed on Friday, cementing market expectations of a near-term interest rate rise.

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- For full text of meeting minutes, please double click on [ID:nL04290427].

[RTRS-LEN-CZ-CEN-PLCY]

The central bank (CNB) has cut its public finance deficit forecasts for 2007 and 2008 but maintained the view that public spending will aid economic growth this year, the CNB's Inflation Report showed on Friday.

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- For FACTBOX detailing key assumptions of Czech central bank inflation forecasts, double click on [ID:nL0428777].

POLL: INFLATION SEEN AT 7-MONTH HIGH

Czech inflation probably rose to a 7-month high and returned to the central bank's target in April, a Reuters poll showed, confirming a resurgence of price growth which could spur an interest rate rise as early as this month.

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- OVERVIEW OF ECONOMIC FORECASTS: [nL02664655]

- SUMMARY OF COMMENTS BY CNB POLICYMAKERS: [ID:nnL26200293]

For overview of economic data and forecasts click on For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts For diary of forthcoming Czech events [CZ/DIARY] For calendar of east European economic indicators [CONV/DIARY] TOP NEWS -- Emerging markets [TOP/EMRG] TOP NEWS -- Convergence watch [TOP/EAST]

For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see

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News editor of the day: Alan Crosby on +420 224 190 477; fax: +420 224 229 935

E-mail: prague.newsroom@reuters.com

Reuters Messaging: alan.crosby.reuters.com@reuters.net

[PRAGUE/Reuters/Finance.cz]