(last updated on Sept 3 with end-Aug state budget)
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KEY...
...INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 3.25 pct 2.25 pct 4.25 pct
last changed
(date of decision) Aug 30, 2007 Aug 30, 2007 Aug 30, 2007
former rate 3.00 pct 2.00 pct 4.00 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 06/07 05/07 06/06 01-06/07
(CZK billions)
I. CURRENT ACCOUNT -13.33 -5.35 -22.46 -22.09
Trade balance 12.09 9.57 9.46 69.38
Balance of services 2.98 2.37 3.64 14.21
Income balance -27.62 -14.84 -34.58 -96.27
Current transfers -0.78 -2.45 -0.99 -9.41
II. CAPITAL ACCOUNT 0.00 -0.01 1.46 2.87
III. FINANCIAL ACCOUNT 11.00 11.32 14.72 13.50
Net Direct Investment 9.58 11.54 6.14 59.92
Czech abroad -0.80 -0.71 -2.25 -6.25
Into Czech Republic 10.39 12.25 8.39 66.16
Net Portfolio Investment -9.41 1.95 2.81 -26.02
Assets -12.10 -9.22 -0.97 -46.07
Liabilities 2.69 11.17 3.77 20.05
Other Investments 1.52 -9.66 0.82 -43.09
Change in foreign exchange
reserves (minus = growth) 2.99 4.81 0.89 7.71
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS 2.34 -5.96 6.29 5.72
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-JULY 07 END-JUNE 07 END-JULY 06
euro bln 23.211 23.166 24.040
$ bln 31.817 31.292 30.690
CZK bln 650.711 665.203 685.865
NOTE. The central bank said it sold foreign currency worth an equivalent of
76 million euros in spot foreign exchange market operations in June. It sold
foreign currency worth 38 million euros in client operations in June.
MONETARY BASE END-JULY 07 END-JUNE 07 END-JULY 06
(in CZK bln)
CNB monetary base 365.5 372.7 326.7
currency 335.4 336.4 300.4
bank reserves 30.1 36.2 26.2
mandatory reserves 40.6 40.2 35.1
CZECH M2 MONEY SUPPLY END-JULY 07 END-JUNE 07 END-JULY 06
M1 change yr/yr 15.5 15.0 17.3
M2 change yr/yr 11.4 11.2 8.6
Loans to businesses
and households yr/yr 22.5 22.0 21.7
M2-M1 (deposits) yr/yr 6.0 6.6 -1.0
CONSUMER INFLATION JULY 07 JUNE 07 JULY 06
pct change month/month 0.4 0.3 0.4
pct change year/year 2.3 2.5 2.9