Zdenek Tuma

ČNB improves GDP forecast to 1.4% growth in 2010

Prague, Nov 5 (CTK) - The Czech National Bank (CNB) in its new forecast expects the national economy to fall by 4.4 percent this year but to grow by 1.4 percent next year, CNB Governor Zdenek Tuma said at a press conference...

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HIGHLIGHTS-Czech c.bankers leave rates flat, some wanted cut

PRAGUE, Nov 5 (Reuters) - The Czech central bank kept interest rates unchanged on Thursday, in line with analysts' forecasts, after a weaker crown eased deflationary pressures and data pointed to a moderate economic recovery....

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Analysts: Central bank likely to keep rates flat due to weak crown

ČTK The Czech National Bank will leave interest rates unchanged at its policy meeting on November 5 mainly owing to the weakening of the crown in the past weeks, according to most analysts polled by ČTK.

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UPDATE 1-Czech finmin sees 2010 growth at 0.3% despite austerity

By Jana Mlcochova PRAGUE, Oct 29 (Reuters) - The Czech economy should grow by 0.3 percent in 2010, the finance ministry said on Thursday, leaving its forecast unchanged from July, despite the approval of a government austerity...

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Singer: Budget package to raise inflation above 3% next year

ČTK The approved budget package for next year will apparently increase inflation by 1.3 percentage point and inflation may exceed 3% at the end of 2010, vice-governor of the Czech National Bank said in a website presentation.

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UPDATE 1-Czech c.banker says disinflation pressures prevail

PRAGUE, Oct 14 (Reuters) - Disinflation pressures prevail in the Czech economy but a poor outlook for fiscal policy remains the main mid-term risk, central bank Vice-Governor Miroslav Singer said in a presentation to be...

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TEXT-Minutes from Czech c.bank June 25 board meeting

July 3 (Reuters) - It was said in the discussion that the lower-than-forecasted growth in food prices posed no significant downside risk to inflation, because food prices were low and the transmission of agricultural producer...

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Crown hits this year's high at CZK 25.65/EUR

Prague, July 1 (CTK) - The Czech crown firmed further to the euro and the dollar and gains in the currency accelerated to Kc25.65 per euro at the close of trading, the highest level this year, and vis-a-vis the dollar the unit...

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Fischer: State budget gap to reach at least CZK 150bn in 2009

Prague, July 1 (CTK) - Deficit of the Czech state budget for 2009 will reach at least Kc150bn, Prime Minister Jan Fischer said Wednesday after meeting Czech National Bank (CNB) governor Zdenek Tuma. Estimates have so far...

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UPDATE 1-Czech c.bank chief: crown helps real economy

PRAGUE, July 1 (Reuters) - The Czech crown currency rate is assisting the economy as it is substantially below record highs last year and close to levels seen in late 2008, central bank chief Zdenek Tuma said on Wednesday. The...

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