INDICATORS - Czech Republic - June 4

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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    2.75 pct        1.75 pct        3.75 pct 
last changed 
 (date of decision)    May 31, 2007    May 31, 2007    May 31,2007 
former rate             2.50 pct        1.50 pct        3.50 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      03/07    02/07    03/06  01-03/07 
 (CZK billions) 
I. CURRENT ACCOUNT              8.26     4.00     3.13     17.75 
 Trade balance                 12.40    13.61     9.12     36.96 
 Balance of services            2.04     1.24     0.62      3.91 
 Income balance                -8.25    -6.68    -7.87    -17.45 
 Current transfers              2.07    -4.17     1.26     -5.68 
II. CAPITAL ACCOUNT             0.46     1.13     0.82      2.64 
III. FINANCIAL ACCOUNT        -17.72     5.18    -6.35    -27.75 
 Net Direct Investment          5.07    13.38     4.03     31.12 
  Czech abroad                 -1.04    -1.57    -1.06     -3.66 
  Into Czech Republic           6.12    14.95     5.09     34.79 
 Net Portfolio Investment      -8.51     1.51    -1.81    -19.83 
  Assets                       -7.53    -7.11    -3.81    -17.95 
  Liabilities                  -0.98     8.62     2.00     -1.88 
 Other Investments            -11.27    -7.61   -10.11    -28.38 
 Change in foreign exchange 
 reserves (minus = growth)     -1.32     1.04    -0.03     -0.81 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS      9.00   -10.31     2.39      7.36 
    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-APR 07    END-MAR 07     END-APR 06 
 (in CZK bln) 
 CNB monetary base         367.6         355.4          316.5 
  currency                 328.7         321.6          294.6 
  bank reserves             38.9          33.8           21.9 
   mandatory reserves       38.6          38.0           34.2 
 
CZECH M2 MONEY SUPPLY      END-APR 07    END-MAR 07   END-APR 06 
 M1 change yr/yr             15.0          14.1         15.1 
 M2 change yr/yr             11.4          10.6          8.9 
 Loans to businesses 
  and households yr/yr       21.0          20.8         20.5 
 M2-M1 (deposits)  yr/yr      7.0           6.5          2.4 
 
CONSUMER INFLATION            APRIL 07     MARCH 07    APRIL 06 
 pct change month/month         0.7          0.3         0.1 
 pct change year/year           2.5          1.9         2.8