Mediafax (Mediafax)
Macroeconomics  |  November 12, 2012 15:31:41

CNB: Current account balance of payments in September showed a loss of 7.1 billion crowns

PRAGUE (MEDIAFAX) - In September passive current account showed a balance of payments at the level of 7.1 billion crowns due to decline in the balance of income and current transfers. On the contrary, the balance of goods and services was active, informed on Monday, the Czech National Bank (CNB).

The volume of dividends paid on equity investments in September amounted to 21.5 billion crowns. Of current transfers includes a surplus transfers to the Czech Republic from the EU budget of € 0.5 billion. The capital account was in September pumped 0.3 billion crowns from the EU budget. The current account deficit in the annual aggregate information according to the CNB in ??the longer term decline.

Capital inflow on the financial account of the methodology of the European Central Bank (ECB) stood at 10.4 billion crowns. Direct investment balance was positive in the amount of CZK 22 billion, of which net reinvested earnings reached 8.3 billion crowns."The net inflow of portfolio investment was due to the increase in holdings of long-term liabilities denominated bonds governments residents. Net inflow of direct investment total (in the longer trend) is increasing. Net portfolio investment total (in the longer trend) shows slow growth," says Report CNB.

Other investment was passive in the amount of 13.3 billion primarily due to changes in short-term position of banks. The government was paying previously received loans from the European Investment Bank (EIB). The balance of transactions for CNB clients led (adjusted for valuation changes) to increase foreign exchange reserves of 12.8 billion.

Czech National Bank is the central bank of the Czech Republic and the supervisor of the financial market. The main objective of the CNB is to maintain price stability.CNB also determines monetary policy, issues banknotes and coins and manages the circulation.

Jan Soukup,

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ČNB: Běžný účet platební bilance vykázal v září ztrátu 7,1 miliardy korun

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