(last updated on March 31 with end-Feb money supply)
-------------------------------------------------------------------------------
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
===============================================================================
CZECH GDP (in pct) Q4/08 Q3/08 Q4/07 2008
Real change yr/yr 0.7 2.9 5.6 3.1
Final consumption 1.7 2.5 3.5 2.2
Household 2.8 2.6 3.6 2.9
Government -0.5 2.5 3.3 0.9
Gross capital formation 2.4 -5.2 4.6 -1.3
fixed capital formation 0.3 3.3 6.5 3.1
Foreign trade balance n/a n/a n/a n/a
exports of goods -8.4 2.5 12.2 5.3
export of services 9.0 13.0 13.6 15.1
imports of goods -6.2 -0.3 10.0 3.9
imports of services 0.4 8.0 13.7 7.9
NOTE. All current data are seasonally adjusted and those from previous
quarters are revised.
CONSUMER INFLATION 02/09 01/09 02/08
pct change month/month 0.1 1.5 0.3
pct change year/year 2.0 2.2 7.5
NOTE: The average rate of inflation over the past 12 months was 5.4 percent
in February.
CZECH BALANCE OF PAYMENTS 01/09 12/08 01/08 01-12/08
(CZK billions)
I. CURRENT ACCOUNT -1.52 -19.27 12.19 -113.86
Trade balance 4.32 -7.70 14.81 103.23
Balance of services 8.00 8.09 7.94 81.99
Income balance -10.70 -17.68 -8.80 -288.84
Current transfers -3.14 -1.97 -1.76 -10.24
II. CAPITAL ACCOUNT 0.25 7.98 4.95 31.03
III. FINANCIAL ACCOUNT -7.00 26.22 -12.32 111.08
Net Direct Investment 4.31 10.20 13.48 150.44
Czech abroad -5.50 -4.31 -2.47 -32.36
Into Czech Republic 9.80 14.51 15.95 182.80
Net Portfolio Investment 3.54 -3.68 -5.91 -9.15
Assets 2.38 -0.45 -5.80 -4.46
Liabilities 1.16 -3.23 -0.11 -4.69
Other Investments -6.05 24.33 -10.27 23.90
Change in foreign exchange
reserves (minus = growth) -7.85 -2.53 -8.51 -40.11
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS 8.28 -14.94 -4.83 -28.24
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 01-02/09 01/09 01-02/08
revenue (CZK bln) 183.74 85.03 168.12
expenditure 178.35 84.54 173.09
balance 5.40 0.48 -4.97
NOTE. The full-year 2009 budget was approved by parliament with a gap of
38.1 billion crowns.
FOREIGN TRADE 01/09 12/08 01/08 01-12/08
(in bln CZK)
exports 161.85 155.33(153.34) 213.08 2,465.10
imports 158.39 165.33(165.14) 201.33 2,396.61
balance +3.46 -9.99(-11.79) 11.75 68.79
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -24.0 n/a (-13.4) n/a n/a
nominal imports -21.3 n/a (-8.2) n/a n/a
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-FEB 09 END-JAN 09 END-FEB 08
euro bln 28.167 27.283 24.406
$ bln 35.613 34.969 37.017
CZK bln 792.206 760.363 615.522
NOTE. The central bank said it sold foreign currency worth an equivalent of
63 million euros in spot foreign exchange market operations in January. It sold
foreign currency worth 19.4 million euros in client operations in January.
CZECH M2 MONEY SUPPLY END-FEB 09 END-JAN 09 END-FEB 08
M1 change yr/yr 10.1 6.6 9.9
M2 change yr/yr 8.5 8.6 10.3
Loans to businesses
and households yr/yr 15.2 15.9 25.6
M2-M1 (deposits) yr/yr 6.5 11.4 10.8
