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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: Chinese industry and retail grew more than expected, but deflation still threatens. Inflation in Britain fell sharply, reaching its lowest level in two years at 4.6 percent. The crown strengthened by 12 haller in response to the CNB's decision to leave rates unchanged. Activity in the eurozone's business sector surprisingly continues to decline, a survey showed. The Czech Republic is the sick man of Europe, trapped in a mediocrity trap, wrote the daily Die Welt. The CNB left the interest rate at seven percent, the crown strengthened significantly. The CNB worsened the economic outlook, expecting a decline in GDP this year, weaker growth next year. Economist: A fifth of medical costs in the Czech Republic go to heart and blood vessel diseases. The CNB added two commemorative silver coins to its plan for 2025. The CNB was concerned about price adjustments due to rising energy prices during rate negotiations. Survey: Almost half of Czechs think inflation is now higher than last year. The British economy showed zero growth in the third quarter. IMF: Germany will probably become the third largest economy this year, dethroning Japan. Imports to China unexpectedly increased in October, while exports fell more significantly. Analysts: Higher October inflation and a weaker crown are behind the CNB's decision to leave rates unchanged. The Japanese economy fell sharply in the third quarter, the threat of recession is growing. Prague's self-employed person of the year: The best marketing is to be your own influencer. Inflation rose to 8.5 percent in October, but according to experts, inflationary pressures are weakening. Analysts: The foreign trade surplus is more likely due to a faster decline in imports. Analysts: The decline in retail sales reflects concerns about economic developments. China has recorded its first foreign investment deficit since 1998.

Stock exchanges: China will limit exports of graphite, an important raw material for batteries, starting in December. Czech company Mineral Ventures Invest has entered the main market of the London Stock Exchange.

Finance: The Kellner family will merge its assets, including PPF, into the Amalar holding. Bloomberg: Home Credit's activities in Vietnam are wanted by banks from Thailand and Korea. Komerční banka's profit fell by 4.9 percent to CZK 12.4 billion in three quarters. CBA: To send money at some banks, the recipient's phone number is enough. The Fed left the base interest rate unchanged, as expected. Survey: According to 71 percent of Czech households, Christmas will cost up to CZK 15,000. The CNB warned against the company LeadX Group Ltd., which offers investments. IMF: Rapid easing of monetary policy in the eurozone would be a costly mistake. The Turkish central bank raised the base interest rate to 35 percent. The largest Russian bank Sberbank had another record profit in the third quarter. The Polish central bank left interest rates unchanged, a reduction was expected. J&T Banka completed the sale of its subsidiary J&T Bank AO to the Russian holding Bjurokrat. The banking association expects a 0.4 percent decline in GDP this year, and a 1.8 percent growth next year. The Hungarian central bank surprisingly lowered the base interest rate to 12.25 percent. According to its boss, the ECB will not cut interest rates for several more quarters. The Italian banking group UniCredit increased its profit by 36 percent in the third quarter. Raiffeisenbank's net profit fell by 27.5 percent this year to CZK 3.96 billion. Association: Non-banking companies provided 11 percent more money in three quarters. The six largest banks in the Czech Republic saw their profits fall by CZK 1.3 billion year-on-year to CZK 57.1 billion. Survey: The financial situation of Czech households improved slightly year-on-year. Moneta Money Bank's net profit fell by 3.7 percent year-on-year to CZK 4 billion. China recorded a quarterly outflow of foreign direct investment.