捷克10年期国债 (CzechRepublic10Y) 加自选

2025年6月，捷克共和国的生产者价格指数同比下降0.7%，较上月0.8%的跌幅略有缓解，但超过了市场预期的0.5%的跌幅。这标志着生产者价格连续第五个月出现通货紧缩，尽管速度有所放缓，因为采矿和采石业的收缩放缓（5月份为-3.9%对-4.2%），而制造业价格在前一时期持平后上涨了0.3%。与此同时，电力、天然气、蒸汽和空调的生产者价格继续下跌（-3.7%对-3.5%），而供水、排污、废物管理和修复服务的生产者价格保持不变，为4.1%。生产者价格指数环比下降0.2%，前一个月下降0.6%。

Producer prices in Czech Republic fell by 0.7% year-on-year in June 2025, easing slightly from a 0.8% decline in the previous month but exceeding market expectations of a 0.5% drop. This marked the fifth consecutive month of producer price deflation, albeit at a softer pace, as contraction slowed for mining and quarrying (-3.9% vs -4.2% in May), while prices for manufacturing rose by 0.3% after a flat reading in the prior period. Meanwhile, producer prices continued to fall for electricity, gas, steam, and air conditioning (-3.7% vs -3.5%), while water supply, sewerage, waste management, and remediation services remained unchanged at 4.1%. On a monthly basis, producer prices dropped by 0.2%, following a 0.6% decrease in the previous month.

2025年5月，捷克共和国的经常账户赤字从去年同期的171.6亿捷克克朗缩小到58.3亿捷克克朗，而市场预测的缺口为49.8亿捷克克朗。这标志着自2024年9月以来的首次经常账户赤字，因为商品账户盈余从2024年5月的269.8亿捷克克朗增至296.8亿捷克法郎，而服务账户盈余从116.3亿捷克克朗降至79.6亿捷克克朗。此外，初级收入缺口从一年前的497.6亿捷克克朗缩小到410.9亿捷克克朗，而次级账户赤字从60亿捷克克朗大幅扩大到238.1亿捷克克朗。

The Czech Republic’s current account deficit narrowed to CZK 5.83 billion in May 2025 from CZK 17.16 billion in the corresponding month of the previous year, compared to market forecasts of CZK 4.98 billion shortfall. This marked the first current account deficit since September 2024, as goods account surplus rose to CZK 29.68 billion from CZK 26.98 billion in May 2024, while services account surplus decreased to CZK 7.96 billion from CZK 11.63 billion. In addition, the primary income shortfall narrowed to CZK 41.09 billion from CZK 49.76 billion a year earlier, while the secondary account deficit widened significantly to CZK 23.81 billion from CZK 6.00 billion.

捷克共和国的年通货膨胀率从上个月的2.4%上升到2025年6月的2.9%，证实了初步估计和市场预测。这是自2024年12月以来的最高读数，受到大多数子指数价格上涨的支撑，如食品和非酒精饮料（6.2%对5月份的5.4%）、娱乐和文化（4.2%对3.9%）、酒精饮料和烟草（4.1%对3.7%）、杂项商品和服务（3.4%对3.2%）、家具、家用设备和维护（2%对1.4%）、住房和公用事业（2%对1.9%）以及教育（1.3%对1.1%）。与此同时，运输（-1.5%对-3.3%）和服装和鞋类（-1.5%比1.9%）的成本下降速度较慢。按月计算，消费者价格指数增长0.3%，较5月份的0.5%有所回落。

The annual inflation rate in the Czech Republic rose to 2.9% in June 2025 from 2.4% in the previous month, confirming initial estimates and market forecasts. This marked the highest reading since December 2024, supported by higher prices in most sub-indices such as food and non-alcoholic beverages (6.2% vs 5.4% in May), recreation and culture (4.2% vs 3.9%), alcoholic beverages and tobacco (4.1% vs 3.7%), miscellaneous goods and services (3.4% vs 3.2%), furnishings, household equipment and maintenance (2% vs 1.4%), housing and utilities (2% vs 1.9%) and education (1.3% vs 1.1%). Meanwhile, costs fell at a slower pace for transport (-1.5% vs -3.3%) and clothing and footwear (-1.5% vs 1.9%). On a monthly basis, consumer prices grew by 0.3%, easing from a 0.5% gain in May.

2025年6月，捷克共和国的外汇储备从前一个月的1591亿美元上调至1611亿美元。这是自2022年5月以来的最高读数，表明该国储备资产持续增加。这一扩张主要是由于外汇储备和黄金储备的增加，外汇储备从5月份的1477亿美元攀升至1502亿美元，黄金储备从上个月的64亿美元增至65亿美元。与此同时，以特别提款权（SDR）持有的储备保持不变，为35亿美元，国际货币基金组织的储备头寸也保持稳定，为8亿美元。

Foreign exchange reserves in the Czech Republic advanced to $161.1 billion in June 2025 from an upwardly revised $159.1 billion in the previous month. This was the highest reading since May 2022, indicating a sustained buildup in the country’s reserve assets. The expansion was mainly driven by increases in both foreign currency reserves, which climbed to $150.2 billion from $147.7 billion in May, and gold reserves, which rose to $6.5 billion from $6.4 billion in the previous month. Meanwhile, reserves held in special drawing rights (SDRs) stood unchanged at $3.5 billion, along with the IMF reserve position, which remained stable at $0.8 billion.