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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: ČNB: Czech household debts to banks rose to 2.22 trillion crowns in August. Study: Older people have money, yet traders ignore it. Analysts: Economic development in Germany is hampering the recovery of the Czech economy. Analysts: Decline in confidence in the economy indicates a problem with the recovery. CVVM: Three-fifths of Czechs are in favor of progressive income taxation, the trend is unchanged. The inflation rate in the US accelerated to 3.7 percent in August from 3.2 percent in July. According to analysts, the decline in inflation slowed in August, and is expected to exceed eight percent. The Fiscal Council calls for continued consolidation of public finances. CNB: The Czech Republic's foreign debt rose to 4.381 trillion CZK in the second quarter. The Chamber of Commerce proposes to abolish detailed records of the driving record. The Liberec Region's Company of the Year is the producer of synthetic crystals Crytur. CVVM: 57 percent of people perceive the economic situation of the Czech Republic as bad. The Czech National Bank has been reducing the rate of the credit market protection reserve to two percent since October. The Czech National Bank has not changed the rates again, according to Michl, they will be higher than the forecast recommends. Analysts: Czechs' concerns about the economic situation are behind the decline in retail sales. Exports from China fell for the fourth consecutive month in August, trade slowdown persists. According to analysts, the decline in prices in agriculture should make food cheaper. Association: Arms exports from the Czech Republic almost doubled last year to 30 billion crowns.

Stock exchanges: The price of gas in Europe reached its highest level since February, rising by 45 percent in a week. Gold price falls to lowest in nearly seven months, nearing $1,800 an ounce. FT: Wheat prices fall as Russia replaces Ukrainian supplies. Reuters: G7 set to announce embargo on Russian diamond imports. Russian miner Alrosa halts diamond sales, wants to support falling prices. Gold price hits weekly high due to Middle East. Second-largest US synthetic diamond producer goes bankrupt. FT: Uranium prices hit 12-year high thanks to government interest in nuclear energy.

Finance: Bauer Media and Netrisk will own Srovnejto.cz, Klik.cz and ePojisteni.cz in the Czech Republic. Japan's central bank continues its exceptionally loose monetary policy. The Czech National Bank warned against activities of entities that imitate the names of other companies. The Russian Central Bank has raised the base interest rate to 13 percent due to inflation. Experts: The abolition of interest on bank reserves at the Czech National Bank will make loans more expensive or reduce deposit interest rates. The Czech National Bank will launch a registry that will allow you to send money to a phone number. Comparator: The volume of corporate bonds increased in July, but yields fell. Study: Non-cash transactions in the world will increase by 17 percent this year to 1.3 trillion. DPA: The Russian economy is growing, but the impacts of the war in Ukraine are increasingly noticeable. IMF: In the event of an economic downturn, about five percent of banks may have problems. IIF: Global debt rose to a record 307 trillion USD in the quarter. Survey: Czechs need to have 1.46 million CZK saved for retirement for peace of mind. Court of Auditors: Errors in EU budget spending increased significantly in 2022. Hypomonitor: Mortgage volume in August was highest since June 2022, rates fell. Reuters: British bank Barclays plans to lay off 400 people. IMF lowers global economic growth forecast for 2024, leaves this year unchanged. German investments in China fell from last year's record in the first half of the year. Hypomonitor: Mortgage volume in September rose by 90 percent year-on-year, rates fell. The wealth of Czech households increased last year, but the increase did not exceed inflation.