(last updated on Dec 16 with key interest rates)
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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 11/09 10/09 11/08
pct change month/month 0.2 -0.2 -0.5
pct change year/year 0.5 -0.2 4.4
NOTE: The average rate of inflation over the past 12 months
was 1.3 percent in November.
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 01-11/09 01-10/09 01-11/08
revenue (CZK bln) 873.40 809.83 946.98
expenditure 1,042.81 947.92 953.49
balance -169.41 -138.09 -6.52
NOTE. The full-year 2009 central state budget was approved
by parliament with a gap of 38.1 billion crowns. The government
is aiming to keep the gap below 170 billion crowns. The Finance
Ministry's October forecast sees the 2009 overall public sector
deficit at 6.6 percent of GDP.
FOREIGN TRADE 10/09 09/09 10/08 01-10/09
(in bln CZK)
exports 194.10 193.09(192.14) 218.59 1,765.51
imports 176.61 176.17(174.38) 223.81 1,629.67
balance +17.48 +16.92(+17.76) -5.22 +135.84
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports -11.2 -13.5 (-13.9) n/a -16.8
nominal imports -21.1 -17.2 (-18.0) n/a -20.3
NOTE. All data are subject to further revision. Numbers may
not add up due to rounding.
CZECH FOREX RESERVES END-NOV 09 END-OCT 09 END-NOV 08
euro bln 27.591 27.976 27.106
$ bln 41.458 41.402 34.496
CZK bln 720.949 740.390 683.330
NOTE. The bank said it sold foreign currency worth an
equivalent of 84 million euros in spot foreign exchange market
operations in October. It bought foreign currency worth 89.17
million euros in client operations in October.
CZECH M2 MONEY SUPPLY END-OCT 09 END-SEPT 09 END-OCT 08
M1 change yr/yr 8.1 8.3 6.5
M2 change yr/yr 4.1 4.3 8.3
Loans to businesses
and households yr/yr 2.0 2.8 19.9
M2-M1 (deposits) yr/yr -1.4 -1.3 10.9
