• According to Czech Statistical Office survey, unemployment rate in the 2Q07 declined to 5.3%, which is the lowest figure for the last nine years. Unemployment in the 1Q07 reached 6.0%.
• According to minutes from Czech National Bank board meeting, there is a prevailing view that rate should grow further if the inflation forecast is fulfilled. Koruna might strengthen faster than what is in line with the forecast.
• In one year, fifty-haler coins cease to be valid. Central bank decided on their cancellation as they stop to fulfil their currency in circulation function.
• According to expectations, European Central Bank left interest rates unchanged. Also, on its conference, it reassured markets that further hike will come in September.
• Bank of England left rates unchanged as well and also here, it is an expected outcome. Prime rate remains at 5.75%.
• Industrial producers‘ price index in eurozone in June increased by 0.1% m/m and by 2.3% y/y. This result is below expectations.