INDICATORS - Czech Republic - July 27

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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD 
rate                    3.00 pct        2.00 pct        4.00 pct 
last changed 
 (date of decision)    July 26, 2007    July 26, 2007   July 26, 2007 
former rate             2.75 pct        1.75 pct        3.75 pct 
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CZECH GDP (in pct)             Q1/07    Q4/06    Q1/06    2006 
 Real change yr/yr              6.1      6.1      6.6      6.4 
 Final consumption              4.7      4.6      3.8      3.4 
  Household                     6.7      5.4      3.8      4.4 
  Government                    0.4      2.4      3.8      1.1 
 Gross capital formation       13.4     10.2      7.5     11.7 
  fixed capital formation       1.5      8.1      6.8      7.6 
 Foreign trade balance          n/a      n/a      n/a      n/a 
  exports of goods             16.7     19.2     21.8     16.9 
  export of services           -1.3      3.2     17.9      9.1 
  imports of goods             17.9     19.0     18.7     15.6 
  imports of services           5.1      4.4     27.8     12 8 
    NOTE. In the first quarter, GDP totalled 816.1 billion crowns in nominal 
terms. All data from previous quarters are revised. 
 
CZECH BALANCE OF PAYMENTS      05/07    04/07    05/06  01-05/07 
 (CZK billions) 
I. CURRENT ACCOUNT             -5.35   -16.79    -1.11     -8.76 
 Trade balance                  9.57     5.55     4.34     57.29 
 Balance of services            2.37     3.60     3.66     11.23 
 Income balance               -14.84   -23.16    -8.16    -68.66 
 Current transfers             -2.45    -2.77    -0.94     -8.63 
II. CAPITAL ACCOUNT            -0.01     0.26    -3.49      2.87 
III. FINANCIAL ACCOUNT         11.32     6.45    15.85      2.50 
 Net Direct Investment         11.54    12.52     3.24     50.33 
  Czech abroad                 -0.71    -0.74   -12.79     -5.44 
  Into Czech Republic          12.25    13.26    16.03     55.78 
 Net Portfolio Investment       1.95     1.09   -17.29    -16.61 
  Assets                       -9.22    -7.48   -12.74    -33.97 
  Liabilities                  11.17     8.57    -4.55     17.36 
 Other Investments             -9.66    -9.89    31.36    -44.61 
 Change in foreign exchange 
 reserves (minus = growth)      4.81     0.73    -0.29      4.73 
IV. BALANCE OF OMISSIONS & 
 EXCHANGE RATE ADJUSTMENTS     -5.96    10.08   -11.25      3.39 
    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-JUNE 07    END-MAY 07     END-JUNE 06 
 euro bln                23.097         23.370         23.921 
 $ bln                   31.199         31.444         30.412 
 CZK bln                663.229        661.967        681.626 
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
90 million euros in spot foreign exchange market operations in May. It sold 
foreign currency worth 41 million euros in client operations in May. 
  
MONETARY BASE           END-JUNE 07    END-MAY 07    END-JUNE 06 
 (in CZK bln) 
 CNB monetary base         372.7         396.4          333.3 
  currency                 336.4         331.6          301.8 
  bank reserves             36.2          64.9           31.5 
   mandatory reserves       40.2          38.8           35.0 
 
CZECH M2 MONEY SUPPLY      END-MAY 07    END-APR 07   END-MAY 06 
 M1 change yr/yr             15.3          15.1         15.2 
 M2 change yr/yr             12.1          11.4          7.8 
 Loans to businesses 
  and households yr/yr       21.0          21.0         21.2 
 M2-M1 (deposits)  yr/yr      8.0           7.0         -0.4 
 
CONSUMER INFLATION            JUNE 07       MAY 07     JUNE 06 
 pct change month/month         0.3          0.4         0.3 
 pct change year/year           2.5          2.4         2.8