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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: The Czech National Bank improved the economic outlook, but increased the estimate of full-year inflation. The Vysočina region had 285 million higher tax revenues in the first quarter than last year. Analysts: Foreign trade was affected by energy prices and the recovery in the automotive industry. Pavel will consult with the CNB team or governor about signing the consolidation package. Michl: Year-on-year inflation should fall below ten percent within three months. Supporters of rate increases at the CNB argued for a slight cooling of the economy. Ifo: The wave of price increases in Germany is past its peak, but the decline in inflation will be slow. ČSOB Index: The mood of companies in the Czech Republic has improved, it is almost the same as before the pandemic. IMF: The growth of the German economy will be around zero this year, then accelerate. CNB: Czech household debt to banks rose to 2.16 trillion crowns in March. Investment in commercial real estate in Europe was the lowest in 11 years until March. Fiala: The government is now making a bigger contribution than the previous two. The pace of industrial production growth accelerated in March, while construction continues to fall. The G7 finance ministers' talks were overshadowed by disputes over the United States' debt ceiling. Unemployment in the Czech Republic continued to fall, falling by a tenth of a point in April to 3.6 percent. Fiala: The CNB is responsible for inflation, its governor should not blame the government. Inflation in the US fell to a two-year low of 4.9 percent in April. The CNB did not change rates, Michl warned of the pro-inflationary effect of the budget. Analysis: Bank rates on savings accounts have remained at the same level since January. Fed chief: Risks are more balanced, June rate decision unclear. Investor confidence in the eurozone economy unexpectedly returned to decline in May. S&P left Slovakia's rating at A+, but raised the outlook to stable. The general meeting of the Confederation of Industry today elected Jan Rafaj as the new president. The Czech Republic is interested in Uzbek uranium and copper, said Prime Minister Fiala in Tashkent. According to the head of the Bundesbank, the eurozone has not yet won the fight against high inflation. The Czech National Bank has fined ING Bank for violating the Anti-Money Laundering Act. The CNB's decision not to change interest rates is not surprising, according to analysts. Former CNB Vice Governor Tomáš Nidetzký has been heading the National Development Bank since May. According to statistics, the German economy stagnated in the first quarter.

Stock exchanges: Gold price exceeds $2,000 per ounce, nears record high. Analysts: Platinum demand will surge this year, market in deficit. Newmont nears deal to take over rival Newcrest for AUD 29.4 billion. Fiala: Corporate transformation bill is general, not specific to any company.

Finance: Credit Suisse saw a large outflow of assets in the first quarter. SAS Institute: Banks have been using artificial intelligence platforms for over a decade. Job vacancies in the financial sector in London have decreased by almost a third. Komerční banka's profit in the first quarter rose by 1.4 percent year-on-year to CZK 3.6 billion. Shares of US regional banks weaken before the start of trading. First Republic shares weaken after news that the company is heading for receivership. Third major US bank to fail in two months, authorities close First Republic. Deutsche Bank boosts quarterly profit by 8 percent on higher interest rates. Swiss bank UBS's quarterly profit falls 52 percent to $1 billion. Senate committee says government should urgently tackle money laundering. PacWest shares fall 26 percent as bank reports deposit outflows. Erste, owner of Česká spořitelna, reports 32 percent profit increase in first quarter.