INDICATORS - Czech Republic - Sept 12

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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)              Q2/07     Q1/07     Q2/06 
 Real change yr/yr               6.0       6.4       6.5 
 Final consumption               3.9       4.9       2.7 
  Household                      6.5       7.2       4.1 
  Government                    -1.6       0.2      -0.5 
 Gross capital formation        10.3      11.1      15.0 
  fixed capital formation        4.2       4.0       7.5 
 Foreign trade balance           n/a       n/a       n/a 
  exports of goods              15.1      16.8      13.4 
  export of services             4.9       4.1      10.3 
  imports of goods              14.9      17.6      12.4 
  imports of services            6.5       4.1      15.0 
    NOTE. In the second quarter, GDP totalled 899.7 billion crowns in nominal 
terms. 
 
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-AUG 07    END-JULY 07     END-AUG 06 
 euro bln                23.477         23.210         24.076 
 $ bln                   32.201         31.815         30.941 
 CZK bln                651.353        650.682        679.305 
  
    NOTE. The central bank said it sold foreign currency worth an equivalent of 
60 million euros in spot foreign exchange market operations in July. It bought 
foreign currency worth 43.5 million euros in client operations in July. 
  
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             AUG 07      JULY 07      AUG 06 
 pct change month/month         0.3          0.4         0.2 
 pct change year/year           2.4          2.3         3.1