Czech c-banks monetary base down 3% m/m in July 2012.

By bne IntelliNews August 15, 2012
The Czech central banks monetary base decreased by 3% m/m to CZK 452.8bn (EUR 18.05bn) as of end-July 2012, after edging up by 0.2% in June, the bank said on its website. In annual terms, the monetary base fell by 0.5% in July, versus a 5.1% rise in the previous month. The monetary base coverage with foreign reserves remains high at 177% as of end-July, which suggests a lack of major short-term liquidity problems in the financial system. The monetary base comprises cash in circulation and vaults as well as reserves of commercial banks kept at central bank accounts.
Central bank's monetary base (in CZK bn)
Jul-12 Jun-12 Jul-11
I. Sources of the monetary base 452.8 466.9 454.9
1. Autonomous factors 810.9 813.5 801.5
1.1. External sector 769.9 773.6 700.2
1.2. Government sector -35.4 -37.7 -55.1
1.3. Claims on non-bank entities 3.4 3.4 3.6
1.4. Other assets, net 72.9 74.1 152.8
2. Monetary policy factors -358.1 -346.6 -346.6
2.1. Volume of sterilisation -346.9 -345.1 -346.6
2.2. Stand-by facility -11.2 -1.5 0
2.2.1. Lombard repo 0 0 0
2.2.2. O/N deposit -11.2 -1.5 0
2.3. Other operations 0
2.4. Short-term liquidity credit 0
II. Use of the monetary base (reserve money) 452.8 466.9 454.9
1. Currency 412.6 414.9 392.9
2. Reserves 40.2 51.9 62.1
2.1. Required Reserves 54.6 54.2 51.4
2.2. Excess Reserves -14.4 -2.2 10.7
Source: Central Bank
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