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INDICATOR RELEASES
Statistical Bureau (CSU) releases December producer prices, November industrial output and foreign trade prices at 9 a.m. (0800 GMT).
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[RTRS-LEN-CZ-ECI]
CENTRAL BANKERS
Central bank (CNB) board member Mojmir Hampl on Friday poured cold water on the idea floated by a fellow CNB policymaker that interest rates could be cut to offset the strength of the crown.
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New Czech CNB board member Vladimir Tomsik joined other CNB policymakers to warn in a newspaper interview published on Monday that a widening external deficit might weaken the crown.
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CROWN WEAKER
The Czech crown slid to 2-1/2-week lows versus the euro, as expectations of a further widening in both the external deficit and the yield gap versus higher euro zone borrowing costs weighed on the market.
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- For regular updates on Czech crown moves, click on [CZK/].
C/A DATA IN SPOTLIGHT
The Czech current account deficit is seen at 11.50 billion crowns ($538.1 million) in November , according to a Reuters poll of 12 analysts.
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MP CONSIDERS CROSSING FLOOR
Leftist independent deputy Milos Melcak may support Prime Minister Mirek Topolanek's centre-right government, which needs one deputy to cross the floor to help him win a confidence vote, a newspaper reported on Saturday.
[ID:nL1332987]
President Vaclav Klaus appointed Topolanek's three-party coalition government earlier this week and it must win a confidence vote on Jan. 19 in the lower house where it holds half of the 200 seats.
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- For FACTBOX on key posts in the new government, double click on [ID:nL08820235].
- For FACTBOX on key points of the coalition agreement, see [ID:nL08658091].
KLAUS
According to an opinion poll carried out by the SC&C agency, 67 percent of Czechs want Vaclav Klaus to be re-elected as President.
Mlada fronta Dnes, page 1
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[PRAGUE/Reuters/Finance.cz]