Czech Republic - Factors To Watch on June 13

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ALL TIMES GMT (Czech Republic: GMT + 2 hours)

No economic data due out on Wednesday.

Real-time economic data releases...................

Previous stories on Czech data............[CZ-RTRS-LEN-ECI]

Overview of economic data and forecasts.........

Updates on Czech currency............................[CZK/] ========================== TOP STORY ==========================

C.BANK WARNS

Excessive optimism about future growth in the Czech economy may undermine financial stability if workers demand more pay and consumers exploit low credit costs to take on more debt, the central bank (CNB) warned.

Story: [nL12336217]

Related news: [RTRS-LEN-CZ-GVD-POL]

==================== ELSEWHERE IN THE NEWS ====================

Central bank (CNB) board member Robert Holman he sees no significant inflation risks in the economy after the CNB hiked key interest rates in May by 25 basis points.

Holman told Reuters on the sidelines of a presentation of the CNB's annual financial stability report that he will wait to receive the central bank's monthly situation report on the economy at a June 28 board meeting before deciding on whether he favours another rate move.

Related news: [RTRS-LEN-CZ-CEN-PLCY]

Story: [ID:nL12732147]

BOND AUCTION

The Czech Finance Ministry will offer 7 billion crowns worth of 4.70 percent bonds due in 2022 at 1000 GMT.

Related news: [RTRS-LEN-CZ-GVD-ISU]

AIRPORT SALE

The Prague airport may be sold next year and the government wants to raise 60-70 billion crowns in the process, Deputy Transport Minister Jiri Hodac said.

Pravo daily, page 1.

COMMUNIST POLICE SPIED ON KLAUS

The Communist secret police monitored phone calls and searched through the office of current President Vaclav Klaus while he was an economist in the central bank in the 1980s and organised unofficial economic seminars. One agent reported Klaus behaved like a disgruntled genius. Klaus said he had been aware his activities were monitored.

Mlada Fronta Dnes, page 1.

(Reuters has not verified any of the newspaper reports that may be quoted above and does not vouch for their accuracy.)

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Keywords: CZECH FACTORS/