TABLE-Czech c.bank gives new CPI/GDP forecasts

    The Czech central bank released on 
Thursday the following inflation and growth forecasts as part 
of its quarterly update of macroeconomic projections. 
 
CONSUMER INFLATION            DEC 2007             JUNE 2008 
 CPI (pct chng y/y)           2.4-3.8               2.8-4.2 
 
GDP                           2007               2008 
 Real GDP (pct chng y/y)  4.4-6.2 (4.4-6.6)  3.1-6.5 (3.4-6.6) 
 
    NOTE. Brackets denote previous GDP forecasts published in 
October. The previous October inflation forecast pegged the 
annual CPI at 2.8-4.2 percent in September 2007 and 3.5-4.9 
percent in March 2008. 
    The central bank always forecasts inflation for 12-18 months 
ahead, the time it believes it takes for monetary policy 
decisions to filter fully through the economy. 
 

[Reuters/Finance.cz]