(last updated on April 13 with end-Feb balance of payments)
------------------------------------------------------------------------------
KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 0.75 pct 0.25 pct 1.75 pct
last changed
(date of decision) May 06, 2010 Aug 06, 2009 May 06, 2010
former rate 1.00 pct 0.50 pct 2.00 pct
===============================================================================
CZECH Q4 GDP (pct) Q/Q YR/YR 2009
Real change 0.3 (0.5) 2.6 (2.9) 2.2 (2.3)
consumption -1.4 -0.7 0.4
Household -1.3 -0.4 0.3
Government -1.6 -1.6 0.3
Gross capital formation -9.0 11.2 4.2
Fixed -0.3 -2.3 -4.6
Foreign trade
Exports 2.3 16.8 17.6
of goods -0.7 17.0 18.6
of services 20.1 15.9 12.6
Imports -2.2 17.3 17.6
of goods -4.0 17.2 18.7
of services 8.2 18.2 11.9
NOTE. GDP totalled 921.698 billion crowns for the fourth quarter in nominal
terms and 3,667.619 billion crowns for the full year 2010 in nominal terms.
CONSUMER INFLATION 03/11 02/11 03/10
pct change month/month 0.1 0.1 0.3
pct change year/year 1.7 1.8 0.7
NOTE: The average rate of inflation over the past 12 months was 1.7 percent
through March.
CZECH BALANCE OF PAYMENTS 02/11 01/11 02/10 01-02/11
(CZK billion)
I. CURRENT ACCOUNT 15.95 -0.31 5.60 15.65
Trade balance 8.36 7.28 7.88 15.64
Balance of services 5.32 5.25 5.35 10.57
Income balance -5.97 -7.08 -5.07 -13.05
Current transfers 8.24 -5.75 -2.57 2.48
II. CAPITAL ACCOUNT 0.01 0.35 0.01 0.36
III. FINANCIAL ACACCOUNT 3.31 -3.67 4.94 -0.36
Net Direct Investment 6.20 7.38 9.68 13.58
Czech abroad -1.23 -1.12 -1.61 -2.35
Into Czech Republic 7.43 8.50 11.28 15.93
Net Portfolio Investment -7.84 -9.01 3.69 -16.84
Assets -8.73 -8.48 0.68 -17.21
Liabilities 0.89 -0.53 3.01 0.36
Other Investments 10.16 30.93 -13.53 -20.78
Change in foreign exchange
reserves (minus = growth) -5.74 29.50 5.45 23.76
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -19.27 3.62 -10.55 -15.64
NOTE. All 2011 figures are subject to revision. The 2010 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01-03/11 01-02/11 01-03/10
revenue (CZK bln) 253.37 157.70 249.17
expenditure 278.57 180.52 295.11
balance -25.20 -22.82 -45.94
NOTE. The full-year 2011 central state budget was approved with a gap of
135.0 billion crowns.
FOREIGN TRADE 02/11 01/11 02/10 01-02/11
(in bln CZK)
exports 218.16 224.17 (223.89) 184.32 442.33
imports 204.41 206.72 (208.20) 169.63 411.13
balance 13.75 17.45 (15.69) 14.68 31.20
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports 18.4 28.5 (28.4) 9.9 23.3
nominal imports 20.5 29.9 (30.9) 7.3 25.1
FOREIGN TRADE UNDER NATIONAL CONCEPT
(in bln CZK) 02/11 01/11 02/10 01-02/11
exports 205.51 209.59 (207.99) 178.60 415.10
imports 203.53 204.98 (207.42) 176.00 408.51
balance 1.99 4.61 (0.57) 2.61 6.59
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-MAR 11 END-FEB 11 END-MAR 10
euro bln 29.898 30.436 29.443
$ bln 42.474 42.113 39.707
CZK bln 733.691 741.108 749.182
NOTE. The bank said it sold foreign currency worth an equivalent of 84
million euros in spot foreign exchange market operations in January. It bought
foreign currency worth 86.47 million euros in client operations in January.
CZECH M2 MONEY SUPPLY END-FEB 11 END-JAN 11 END-FEB 10
M1 change yr/yr 15.3 15.8 7.6
M2 change yr/yr 2.8 3.7 2.7
Loans to businesses
and households yr/yr 3.8 3.2 -0.1
M2-M1 (deposits) yr/yr -16.2 -14.8 -3.8
