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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: ČMKOS still estimates inflation at 5 percent this year, according to it, price increases are not over. According to the central bank, the recovery of the German economy is delayed. Inflation slowed to 2.3 percent in January, Fiala and Michl welcome it, the opposition is critical. Bloomberg: Germany's days as an industrial superpower may be coming to an end. Reuters: The poor state of the German economy threatens the Czech Republic and Hungary. The Czech National Bank has reduced the base interest rate to 6.25 percent, the crown has weakened. Analysis: The number of mergers and acquisitions of Czech companies fell by 43 percent last year to 80. The Czech National Bank will discuss interest rates, analysts expect them to fall further. WSJ: Indonesia is trying to join the family of Asian economic tigers. Inflation fell in January, some experts expect it to be below three percent. IMF chief Georgieva: The global economy is heading for a soft landing. Analysts: Industry will start growing slowly this year, around two percent. Zamrazilová: There must be a broader political consensus on the Czech Republic's entry into the eurozone. IMF: The Middle East economy is being held back by Israel's war with Hamas and lower oil production. Today is the last day to file property tax returns. The appointment of a commissioner for the euro will result in the first coalition conciliation procedure. The inflation rate in Britain remained at four percent in January, growth was expected. Germany's economic problems are dragging down the economies of Eastern European countries. Chamber: Trade between the Czech Republic and Germany fell by two percent last year to CZK 2.83 trillion. Nabiullinová: Yuan payments for Russian exports already account for a third of all payments. Analysts: Inflation is to blame for last year's retail slump, recovery confirmed in December. IMF improves estimate of this year's global economic growth to 3.1 percent. The inflation rate in Poland fell significantly in January, reaching 3.9 percent.

Stock exchanges: The price of gold fell below $2,000 per ounce for the first time in two months. Demand for gold rose by three percent last year to a record 4,899 tons. According to analysts, silver is set to have a successful year, the price may rise to a 10-year high.

Finance: The European Investment Bank supported projects in the Czech Republic for 47.5 billion crowns last year. The British central bank, as expected, left the base interest rate at 5.25 percent. The Ministry of Finance sold government bonds for 8.8 billion crowns, demand tripled. Trump does not intend to renew the mandate of the current head of the US central bank. The Hungarian central bank has reduced the base interest rate by three quarters of a point to 10 percent. Hypoteční banka is changing its name to ČSOB Hypoteční banka, nothing changes for clients. The Russian central bank has stopped raising interest rates, the base rate is 16 percent. Banks provided mortgages for CZK 13 billion in January, double the year-on-year amount. Payment via Apple Pay is the most used mobile payment service in the Czech Republic. Italian banking group UniCredit increased its profit by almost 54 percent last year. Association: Non-banking companies provided 13 percent more money last year. The aggregate profit of Slovak banks increased by 45 percent last year to 1.2 billion euros. According to the head of the Italian central bank, the ECB should soon start reducing interest rates. Komerční banka's net profit fell by 11.4 percent year-on-year to CZK 15.6 billion. Survey: Two-thirds of Czechs regularly save money for retirement. Moneta Money Bank's net profit last year was CZK 5.2 billion, up slightly year-on-year. Analysts: Interest rate cuts will not have an immediate impact on the real estate market recovery. ČSOB Group's net profit in 2023 rose by six percent to CZK 15.4 billion. Portu analysis: Banks are starting to take the CNB's rate cut into account in savings accounts.