(last updated on Jan 11 with Dec inflation and unemployment)
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KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 1.00 pct 0.25 pct 2.00 pct
last changed
(date of decision) Dec 16, 2009 Aug 06, 2009 Dec 16, 2009
former rate 1.25 pct 0.50 pct 2.25 pct
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CZECH Q3 GDP (pct) Q/Q YR/YR
Real change 0.8 (0.8) -4.1(-4.1)
Final consumption 0.3 2.6
Household -0.6 1.3
Government 2.2 5.3
Gross capital formation 0.7 -3.8
Fixed -1.7 -9.5
Foreign trade
Exports 8.3 -7.0
of goods 9.6 -9.9
of services 1.7 12.4
Imports 8.2 -7.5
of goods 10.1 -10.5
of services -1.5 15.6
NOTE. GDP totalled 905.91 billion crowns for the third quarter in nominal
terms.
CONSUMER INFLATION 12/09 11/09 12/08
pct change month/month 0.2 0.2 -0.3
pct change year/year 1.0 0.5 3.6
NOTE: The average rate of inflation over the past 12 months was 1.0 percent
in December.
CZECH BALANCE OF PAYMENTS 10/09 09/09 10/08 01-10/09
(CZK billion)
I. CURRENT ACCOUNT 12.41 -5.87 -22.40 -12.46
Trade balance 19.84 19.21 -1.34 159.83
Balance of services 3.83 4.46 4.98 47.11
Income balance -9.92 -25.96 -23.46 -209.23
Current transfers -1.34 -3.58 -2.59 -10.17
II. CAPITAL ACCOUNT 1.68 0.61 0.66 27.45
III. FINANCIAL ACCOUNT -5.94 -10.58 10.32 5.32
Net Direct Investment 6.11 -30.26 15.11 8.57
Czech abroad -2.46 -14.19 -2.31 -56.52
Into Czech Republic 8.57 -16.08 17.42 65.10
Net Portfolio Investment 28.68 9.80 -3.63 125.82
Assets 3.01 10.78 19.84 57.11
Liabilities 25.68 -0.98 -23.48 68.71
Other Investments -37.38 9.57 2.21 -75.48
Change in foreign exchange
reserves (minus = growth) -2.60 1.09 -1.88 -44.13
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -8.14 15.84 11.42 -20.31
NOTE. All 2009 figures are subject to revision. The 2008 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01-12/09 01-11/09 01-12/08
revenue (CZK bln) 974.77 873.40 1,063.94
expenditure 1 167.01 1,042.81 1,083.94
balance -192.24 -169.41 -20.00
NOTE. The full-year 2009 central state budget was approved by parliament
with a gap of 38.1 billion crowns. The Finance Ministry's October forecast sees
the 2009 overall public sector deficit at 6.6 percent of GDP.
FOREIGN TRADE 11/09 10/09 11/08 01-11/09
(in bln CZK)
exports 194.88 194.10 194.91 1,960.39
imports 180.34 176.61 196.01 1,810.01
balance 14.54 17.48 -1.09 +150.38
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports 0.0 -11.2 -17.9 -15.4
nominal imports -8.0 -21.1 -12.8 -19.2
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-DEC 09 END-NOV 09 END-DEC 08
euro bln 28.793 28.273 26.580
$ bln 41.485 42.482 37.000
CZK bln 761.995 738.762 715.804
NOTE. The bank said it sold foreign currency worth an equivalent of 80
million euros in spot foreign exchange market operations in November. It bought
foreign currency worth 118.84 million euros in client operations in November.
CZECH M2 MONEY SUPPLY END-NOV 09 END-OCT 09 END-NOV 08
M1 change yr/yr 10.5 8.1 8.1
M2 change yr/yr 4.0 4.1 7.9
Loans to businesses
and households yr/yr 1.3 2.0 18.6
M2-M1 (deposits) yr/yr -5.0 -1.4 7.6
