(last updated on May 9 with end-April forex reserves and March foreign trade) ...
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KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 2.50 pct 1.50 pct 3.50 pct
last changed
(date of decision) Sept 27, 2006 Sept 27, 2006 Sept 27,2006
former rate 2.25 pct 1.25 pct 3.25 pct
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CZECH GDP (in pct) Q4/06 Q3/06 Q4/05 2006
Real change yr/yr 5.8 5.9 6.7 6.1
Final consumption 4.6 2.5 2.0 3.2
Household 5.4 4.3 2.9 4.6
Government 2.6 -1.8 -0.1 0.3
Gross capital formation 11.1 13.0 4.8 12.2
fixed capital formation 7.6 8.0 3.2 7.3
Foreign trade balance n/a n/a n/a n/a
exports of goods 18.1 12.8 12.2 16.2
export of services 12.4 4.0 -5.0 2.6
imports of goods 18.5 12.0 6.4 15.4
imports of services 14.9 3.4 -6.7 5 2
NOTE. In the fourth quarter, GDP totalled 839.4 billion crowns in nominal
terms. All data from previous quarters are revised.
CZECH BALANCE OF PAYMENTS 02/07 01/07 02/06 01-02/07
(CZK billions)
I. CURRENT ACCOUNT 4.00 5.49 -0.61 9.49
Trade balance 13.61 10.96 4.84 24.56
Balance of services 1.24 0.64 0.09 1.87
Income balance -6.68 -2.52 -6.09 -9.20
Current transfers -4.17 -3.58 0.56 -7.75
II. CAPITAL ACCOUNT 1.13 1.05 0.30 2.17
III. FINANCIAL ACCOUNT 5.18 -15.21 6.08 -10.03
Net Direct Investment 13.38 12.67 -4.16 26.05
Czech abroad -1.57 -1.05 -0.85 -2.62
Into Czech Republic 14.95 13.73 -3.31 28.67
Net Portfolio Investment 1.51 -12.82 -3.85 -11.32
Assets -7.11 -3.31 -3.18 -10.42
Liabilities 8.62 -9.52 -0.67 -0.90
Other Investments -7.61 -9.50 17.79 -17.11
Change in foreign exchange
reserves (minus = growth) 1.04 -0.53 -4.59 0.51
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -10.31 8.67 -5.77 -1.64
NOTE. All 2007 figures are subject to revision. The 2006 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH FOREX RESERVES END-APRIL 07 END-MARCH 07 END-APRIL 06
euro bln 23.568 23.826 24.160
$ bln 32.064 31.734 30.288
CZK bln 662.862 667.138 686.872
NOTE. The central bank said it sold foreign currency worth an equivalent of
50 million euros in spot foreign exchange market operations in March. It bought
foreign currency worth 214.90 million euros in client operations in March.
MONETARY BASE END-MAR 07 END-FEB 07 END-MAR 06
(in CZK bln)
CNB monetary base 355.4 354.7 311.0
currency 321.6 317.6 287.6
bank reserves 33.8 37.1 23.3
mandatory reserves 38.0 37.1 33.8
CZECH M2 MONEY SUPPLY END-MAR 07 END-FEB 07 END-MAR 06
M1 change yr/yr 14.1 14.9 11.6
M2 change yr/yr 10.6 10.6 8.9
Loans to businesses
and households yr/yr 20.8 20.3 19.9
M2-M1 (deposits) yr/yr 6.5 5.5 5.8
CONSUMER INFLATION MARCH 07 FEB 07 MARCH 06
pct change month/month 0.3 0.3 -0.1
pct change year/year 1.9 1.5 2.8