According to expectations, ECB has not changed the interest rates, the basic interest rate remaining at 4.00%. The bank indicated that the interest rates will not change in the near future. No commnetary regarding euro exchange rate has been received. Neither the British Bank of England has moved the rates. This step was also expected.
According to CNB, the crown is functioning as distinctively anti-inflationary. The situation on the job market is overall tense. The turbulence on the world markets and the fiscal reform increase the uncertainty of decision-making.
Euro will be impossible to adopt in 2012 if pension insurance and health insurance reforms are not passed, says Kalousek, the Minister of Kinance. However, the date of 2007 is not lost yet.
According to the Minister of Finance, the deficit of the public finance will decrease to 3.6% of the GNP. A deficit of 3.9% was expected earlier. Higher income should help to achieve the better result.
Factory orders in the USA in August decreased by 3.3%, while the market had expected a decrease of only 2.6%.