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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Inflation in Britain fell to 1.7 percent in September, the lowest since spring 2021. Industrial prices slowed down year-on-year growth in September, while agriculture moderated the decline. A chip development center began operating in Brno in cooperation with Taiwan. SAO: The contribution of money to increasing employment of the disadvantaged cannot be evaluated. Analysts: The Czech National Bank will decide between reducing rates and maintaining their stability. Analysts: The development of prices in agriculture indicates the end of food cheapening. Inflation accelerated to 2.8 percent in October, analysts expect it to grow further. Analysts: Nobel laureates have shown the importance of institutions for prosperity. The Czech National Bank has published the results of three external audits of its monetary policy model. The Agel healthcare group increased its sales to a record CZK 27.4 billion last year. PAQ Research proposes a change in income tax that it says would help low-income earners. Experts: The Czech economy needs cheaper energy, but it won't get it anytime soon. Czech society has become richer in 35 years, but it has also become more comfortable, said Petr Doškář from the Ministry of Industry and Trade. BBC: German manufacturers warn of a threatening collapse in their industry. Goldman Sachs has improved its outlook for the Chinese economy for this year and next. The Czech National Bank plans to increase the share of stocks in foreign exchange reserves, strengthening the share of American stocks. Industry and foreign trade in the Czech Republic improved in September, while construction weakened. Inflation accelerated to 2.6 percent in September, contributed to by rising food prices.

Stock exchanges: The Czech National Bank bought almost five tons of gold in the third quarter, holding 46.41 tons. Economist: Gold investors have made around ten percent in real terms since Covid. Of the commodities on the markets this year, cocoa, coffee and gold are becoming more expensive, while corn is becoming cheaper.

Finance: HN: PPF bought out Šmejc's stake in the Home Credit group for 5.6 billion crowns. PPF sold the Russian PPF Life Insurance to the Inweasta group, Interfax reported today. Hypomonitor: The volume of mortgages in September fell by 8.1 billion to 24.2 billion CZK. Analysis: The lagging of European capital markets threatens competitiveness. STEM/MARK: Most Czechs do not decide what type of payment card they will receive from the bank. Expert: If there are no changes in the healthcare sector, the availability of care will decrease. PPF will strive for further acquisitions, including telecommunications, said Director Šmejc. Genesis Growth Equity Fund I bought a majority stake in Slovak company TechPlasty. According to the head of the City, London lost 40,000 jobs in the financial sector due to Brexit. Moneta's net profit for the three quarters increased by 6.6 percent year-on-year to CZK 4.2 billion. Swiss bank UBS returned to profit in the third quarter, exceeding estimates. South Korea's central bank cut interest rates for the first time in more than four years. Czech National Bank is preparing to sell a branch building in Ústí nad Labem. Morgan Stanley bank increased quarterly profit by a third to USD 3.2 billion. Czech National Bank fined Fio bank for violating the anti-money laundering law. Russian Central Bank plans to start cutting interest rates next year, they are at 21 percent. Czech Savings Bank increased net profit to CZK 19.4 billion in the three quarters. Survey: Czechs prefer real estate investments, followed by savings accounts. Čupr issues bonds worth three billion CZK through Rohlik.cz Finance II. Volkswagen's sales fell in the quarter, Moody's lowered the company's rating outlook. The six largest banks in the Czech Republic saw their net profit rise by 11 percent this year to 63.3 billion CZK. The ECB cut interest rates by a quarter of a percentage point, the deposit rate is at 3.25 percent. PPF Group's net profit fell by 10.6 percent in the first half of the year to 16 billion CZK. Survey: Two-thirds of the Czech population does not know what a long-term investment product is.