(last updated on Feb 11 with Dec industrial output)
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KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 1.75 pct 0.75 pct 2.75 pct
last changed
(date of decision) Feb 05, 2009 Feb 05, 2009 Feb 05, 2009
former rate 2.25 pct 1.25 pct 3.25 pct
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CZECH GDP (in pct) Q3/08 Q2/08 Q3/07 2007
Real change yr/yr 4.2 4.6 5.8 5.9
Final consumption 2.7 2.9 4.0 3.8
Household 2.5 3.2 5.5 5.2
Government 3.7 2.4 0.3 0.4
Gross capital formation -2.0 -4.0 7.2 8.4
fixed capital formation 4.5 5.9 6.0 6.7
Foreign trade balance n/a n/a n/a n/a
exports of goods 4.0 13.4 16.8 15.7
export of services 12.7 17.4 12.8 9.6
imports of goods 1.0 9.4 15.9 15.0
imports of services 7.2 12.0 12.9 8.3
NOTE. All current data are seasonally adjusted and those from previous
quarters are revised. In the third quarter, GDP totalled 780.7 billion crowns in
seasonally adjusted constant prices of 2000.
CONSUMER INFLATION 01/09 12/08 01/08
pct change month/month 1.5 -0.3 3.0
pct change year/year 2.2 3.6 7.5
NOTE: The average rate of inflation over the past 12 months was 5.9 percent
in January.
CZECH BALANCE OF PAYMENTS 11/08 10/08 11/07 01-11/08
(CZK billions)
I. CURRENT ACCOUNT -8.72 -21.99 6.41 -91.13
Trade balance 2.40 -0.63 15.74 111.85
Balance of services 5.30 5.55 4.29 76.40
Income balance -15.00 -24.53 -16.25 -271.45
Current transfers -1.42 -2.37 2.63 -7.93
II. CAPITAL ACCOUNT 0.79 0.66 3.28 23.05
III. FINANCIAL ACCOUNT 17.22 11.61 6.58 102.43
Net Direct Investment 8.92 17.36 15.16 147.57
Czech abroad -1.42 -1.28 -1.75 -19.67
Into Czech Republic 10.34 18.64 16.91 167.24
Net Portfolio Investment -36.58 -3.63 6.65 -5.47
Assets 0.20 19.84 2.57 -4.01
Liabilities -36.78 -23.48 4.08 -1.46
Other Investments 42.23 -0.24 -4.79 -2.09
Change in foreign exchange
reserves (minus = growth) 2.64 -1.88 -8.07 -37.58
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -9.29 9.72 -16.26 -34.36
NOTE. All 2008 figures are subject to revision. The 2007 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01/09 01-12/08 01/08
revenue (CZK bln) 85.03 1,064.57 98.87
expenditure 84.54 1,083.94 89.14
balance 0.48 -19.37 9.73
NOTE. The full-year 2009 budget was approved by parliament with a gap of
38.1 billion crowns.
FOREIGN TRADE 12/08 11/08 12/07 01-12/08
(in bln CZK)
exports 153.34 194.73 177.12 2,463.12
imports 165.14 195.20 179.92 2,393.73
balance -11.79 -0.47 -2.80 69.39
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -13.4 -18.0 4.5 -0.7
nominal imports -8.2 -13.2 3.9 0.1
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-JAN 09 END-DEC 08 END-JAN 08
euro bln 27.246 26.580 24.252
$ bln 34.922 37.000 36.060
CZK bln 759.345 715.804 632.245
NOTE. The central bank said it sold foreign currency worth an equivalent of
60 million euros in spot foreign exchange market operations in December. It
bought foreign currency worth 100.4 million euros in client operations in
December.
CZECH M2 MONEY SUPPLY END-DEC 08 END-NOV 08 END-DEC 07
M1 change yr/yr 7.4 8.1 16.0
M2 change yr/yr 6.5 7.9 13.2
Loans to businesses
and households yr/yr 16.1 18.6 26.6
M2-M1 (deposits) yr/yr 5.2 7.6 9.6
