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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 accelerated to 2.6 percent in September, contributed by rising food prices. The Czech Republic has deteriorated in economic freedom, ranking 22nd in the world. Survey: 56 percent of small entrepreneurs considered closing their businesses. Analysts: The development of prices in agriculture indicates the end of food price reductions. Analysis: 4,088 entrepreneurs went bankrupt in the Czech Republic this year, seven percent more year-on-year. The Nobel Prize in Science will be awarded on Monday, APA has 22 favorites. Study: Thanks to production at Třinecké železárny, the state has earned CZK 54 billion in 14 years. SB: China's economic growth will continue to slow down next year. Analysis: The share of companies in the Czech Republic that use virtual headquarters has increased to 25 percent. Experts: The Czech economy needs cheaper energy, but it will not get it soon. China has invested over USD 100 billion in clean energy abroad since 2023. Analysts expect an acceleration of year-on-year inflation in September due to the comparative base. CNB: The balance of payments ended the 2nd quarter with a deficit of CZK 3.7 billion. Analysts: Nobel laureates showed the importance of institutions for prosperity. Reuters: The German economy will decline again this year, leading economic institutes expect. The Spanish central bank increased its GDP growth estimate to 2.8 percent thanks to tourism. Industrial prices slowed down year-on-year growth in September, while agricultural prices moderated the decline. Scientists won the Nobel Prize in Economics for research into the influence of institutions on prosperity. Analysts expect another CNB interest rate cut, probably to 4.25 percent. The Czech National Bank has cut its interest rate to 4.25 percent, a decision made by six board members.

Stock exchanges: Among the commodities on the markets this year, cocoa and gold have become more expensive, while steel and corn have become cheaper. Mining giant Rio Tinto is negotiating the takeover of lithium miner Arcadium. The price of gold has exceeded $2,600 per troy ounce for the first time. Thyssenkrupp is reconsidering plans for the production of so-called green steel.

Finance: The South Korean central bank has cut interest rates for the first time in more than four years. Survey: Two-thirds of Czechs are trying to value their money, 41 percent are investing. Survey: 14 percent of Czechs have no financial reserves. Survey: The share of Czechs who save over CZK 5,000 per month has risen to 27 percent. The world's longest-serving central bank chief may get another term. Survey: Ten percent of Czechs cannot afford a mortgage. The European Central Bank will probably cut rates in October, the French governor said. Study: Fintech companies' revenues rose last year, but market valuations fell. Survey: Two-thirds of the Czech population does not know what a long-term investment product is. Air Bank Group's net profit rose by five percent in the first half of the year to CZK 1.3 billion. Hypomonitor: Mortgage volume fell by CZK 8.1 billion to CZK 24.2 billion in September. The Fed cut the base interest rate by half a point to a range of 4.75 to 5.00 percent. The ECB cut interest rates by a quarter of a percentage point, the deposit rate is at 3.25 percent. CNB: Banks' net profit increased by eight percent to CZK 59.9 billion in the first half of the year. According to the head of the City, London lost 40,000 jobs in the financial sector due to Brexit. The Russian central bank increased the base interest rate by one percentage point to 19 percent. UniCredit bought more Commerzbank shares, may become the largest shareholder. Survey: Czechs prefer real estate investments, followed by savings accounts. Expert: If there are no changes in the healthcare system, the availability of care will decrease. Analysis: Banks are reducing savings account interest rates, the highest are around four percent. Boeing needs up to USD 35 billion, is struggling with production problems and strikes.