(last updated on Nov 12 with end-Sept balance of payments)
-------------------------------------------------------------------------------
KEY INTEREST RATES 2-WEEK REPO DISCOUNT LOMBARD
rate 2.75 pct 1.75 pct 3.75 pct
last changed
(date of decision) Nov 6, 2008 Nov 6, 2008 Nov 6, 2008
former rate 3.50 pct 2.50 pct 4.50 pct
===============================================================================
CZECH GDP (in pct) Q2/08 Q1/08 Q2/07 2007
Real change yr/yr 4.6 5.4 6.8 6.6
Final consumption 2.8 2.2 4.4 4.2
Gross capital formation -4.7 8.4 10.7 9.6
fixed capital formation 4.0 4.4 5.9 5.8
Foreign trade balance
exports of goods and services 13.5 13.6 14.4 14.6
imports of goods and services 8.9 12.2 14.0 13.8
NOTE. All current data are seasonally adjusted and those from previous
quarters are revised. In the second quarter, GDP totalled 778.1 billion crowns
in seasonally adjusted constant prices of 2000.
CONSUMER INFLATION 10/08 09/08 10/07
pct change month/month 0.0 -0.2 0.6
pct change year/year 6.0 6.6 4.0
NOTE: The average rate of inflation over the past 12 months was 6.6 percent
in October.
CZECH BALANCE OF PAYMENTS 09/08 08/08 09/07 01-09/08
(CZK billions)
I. CURRENT ACCOUNT -10.95 -12.17 1.53 -55.64
Trade balance 14.07 6.08 16.40 113.47
Balance of services 5.73 4.74 5.71 58.71
Income balance -28.30 -24.32 -17.63 -225.26
Current transfers -2.45 1.33 -2.96 -2.56
II. CAPITAL ACCOUNT 0.30 0.90 -0.02 21.49
III. FINANCIAL ACCOUNT 20.92 15.03 -11.00 70.24
Net Direct Investment 8.88 11.14 2.56 115.78
Czech abroad -3.15 -1.25 -3.33 -15.92
Into Czech Republic 12.03 12.39 5.88 131.70
Net Portfolio Investment -5.80 -1.25 -9.27 34.66
Assets -3.53 -5.11 -10.74 -24.05
Liabilities -2.27 3.85 1.47 58.72
Other Investments 15.97 9.04 -2.80 -41.87
Change in foreign exchange
reserves (minus = growth) 1.88 -3.90 -0.99 -38.34
IV. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -10.27 -3.76 9.49 -36.09
NOTE. All 2008 figures are subject to revision. The 2007 figures are
revised. The CNB releases the monthly figures according to ECB methodology.
CZECH STATE BUDGET 01-10/08 01-09/08 01-10/07
revenue (CZK bln) 880.48 794.46 835.37
expenditure 869.54 783.98 808.17
balance 10.94 10.47 27.20
NOTE. The full-year 2008 budget was approved by parliament with a gap of
70.8 billion crowns. Following changes on June 30, the new deficit is planned at
71.34 billion crowns.
FOREIGN TRADE 09/08 08/08 09/07 01-09/08
(in bln CZK)
exports 223.74 178.31 212.95 1,895.88
imports 212.86 174.71 199.24 1,808.64
balance 10.88 3.59 13.72 87.24
DYNAMICS OF TRADE (pct y/y change in CZK terms)
nominal exports 5.1 -8.1 12.6 4.1
nominal imports 6.8 -10.1 9.6 3.3
NOTE. All data are subject to further revision. Numbers may not add up due
to rounding.
CZECH FOREX RESERVES END-OCT 08 END-SEPT 08 END-OCT 07
euro bln 26.650 25.383 23.083
$ bln 34.002 36.304 33.347
CZK bln 645.733 626.064 622.549
NOTE. The central bank said it sold foreign currency worth an equivalent of
66 billion euros in spot foreign exchange market operations in September.
It bought foreign currency worth 29.6 million euros in client operations in
September.
CZECH M2 MONEY SUPPLY END-SEP 08 END-AUG 08 END-SEP 07
M1 change yr/yr 10.0 7.5 13.2
M2 change yr/yr 8.1 8.3 11.0
Loans to businesses
and households yr/yr 21.3 21.8 24.2
M2-M1 (deposits) yr/yr 5.7 9.5 8.1
