INDICATORS - Czech Republic - April 8

                                
     (last updated on April 8 with March inflation and unemployment
                                
                   and end-March government debt)
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KEY INTEREST RATES    2-WEEK REPO       DISCOUNT        LOMBARD
rate                    3.75 pct        2.75 pct        4.75 pct
last changed
 (date of decision)    Feb 7, 2008     Feb 7, 2008     Feb 7, 2008 
former rate             3.50 pct        2.50 pct        4.50 pct
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CZECH GDP (in pct)              Q4/07    Q3/07    Q4/06     2007
 Real change yr/yr               6.6      6.3      6.2       6.5
 Final consumption               3.7      3.9      4.7       4.2
  Household                      4.0      5.7      6.2       5.7
  Government                     3.1     -0.3      1.4       0.9
 Gross capital formation         7.1     10.1      9.8       9.2
  fixed capital formation        8.0      5.5      5.2       6.1
 Foreign trade balance           n/a      n/a      n/a       n/a
  exports of goods              13.1     16.1     18.6      15.3
  export of services             8.5     12.3     -0.7       9.0
  imports of goods              10.6     15.7     18.6      14.6
  imports of services            6.6     11.0     -1.1       6.5
                                
 NOTE. In the fourth quarter, GDP totalled 930.4 billion crowns in nominal
terms. In the full year 2007, GDP totalled 3,557.7 billion crowns in nominal
terms. All data from previous quarters are revised.

CZECH BALANCE OF PAYMENTS      01/08    12/07    01/07  01-12/07
 (CZK billions)
I. CURRENT ACCOUNT              4.82   -22.50     1.24    -88.96
 Trade balance                 15.17    -0.77    12.22    117.46
 Balance of services            4.44     2.75     3.45     55.42
 Income balance               -12.89   -24.98   -11.04   -253.78
 Current transfers             -1.90     0.50    -3.38     -8.06
II. CAPITAL ACCOUNT             4.96     7.93     1.05     19.66
III. FINANCIAL ACCOUNT         -3.14    21.35     4.16     88.81
 Net Direct Investment         18.25    23.31    20.33    158.19
  Czech abroad                 -0.73    -4.85    -0.93    -27.09
  Into Czech Republic          18.97    28.16    21.26    185.27
 Net Portfolio Investment      -5.91    -2.15   -13.75    -53.23
  Assets                       -5.80    -3.66    -3.29    -94.65
  Liabilities                  -0.11     1.50   -10.45     41.42
 Other Investments             -6.96     6.22    -7.57     -2.28
 Change in foreign exchange
 reserves (minus = growth)     -8.51    -9.47    -0.53    -15.67
IV. BALANCE OF OMISSIONS &
 EXCHANGE RATE ADJUSTMENTS     -6.65    -6.78    -6.46    -19.50
                                
 NOTE. All 2008 figures are subject to revision. The 2007 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
 
CZECH FOREX RESERVES    END-MAR 08     END-FEB 08     END-MAR 07
 euro bln                24.018         24.406         23.826
 $ bln                   37.974         37.017         31.734
 CZK bln                608.492        615.522        667.138
                                
 NOTE. The central bank said it sold foreign currency worth an equivalent of
63 million euros in spot foreign exchange market operations in February. It
bought foreign currency worth 127.5 million euros in client operations in
February.
 
CZECH M2 MONEY SUPPLY      END-FEB 08    END-JAN 08   END-FEB 07
 M1 change yr/yr              9.9          13.2         14.8
 M2 change yr/yr             10.3          11.0         10.6
 Loans to businesses
  and households yr/yr       25.6          26.0         20.3
 M2-M1 (deposits)  yr/yr     10.9           8.0          5.5

CONSUMER INFLATION            MARCH 08      FEB 08     MARCH 07
 pct change month/month        -0.1          0.3         0.3
 pct change year/year           7.1          7.5         1.9
                                
 NOTE. The CSU added the sliding average rate of inflation over the past 12
months was 4.3 percent in March.