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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 slowed to 15 percent in March, analysts and the Czech National Bank expect a further decline. CNBC: Concerns are growing about the collapse of the European commercial real estate market. According to the head of the Bundesbank, the eurozone has not yet won the fight against high inflation. The British central bank raised the base interest rate by a quarter of a point to 4.50 percent. Taiwan's economy fell the most in the first quarter since 2009. The Czech National Bank fined ING Bank for violating the anti-money laundering law. The IMF has worsened its estimate of this year's global economic growth to 2.8 percent. Analysts: Confidence in the economy indicates that the Czech Republic has already overcome the recession. The Czech National Bank did not change rates, Michl warned of the pro-inflationary effect of the budget. Analysis: The volume of Czech capital in domestic companies is the highest in three years. Pavel will consult with the CNB team or governor about signing the consolidation package. Unemployment in the Czech Republic continued to fall, by a tenth of a point in April to 3.6 percent. Inflation in the US fell to a two-year low of 4.9 percent in April. Experts disagree on whether the CNB should use interest rates to combat the impact of the deficit. The Ministry of Finance sold bonds for 12 billion crowns as planned. Cross-border payments for online purchases will probably be recorded. CNB: Czech households' debts with banks rose to 2.16 trillion crowns in March. Havlíček (ANO): The government is also responsible for inflation, it did not use fiscal instruments. Former finance ministers: The approved state budget deficit is unrealistic, it will be higher. Czech national debt increased to a record 2.997 trillion crowns in the first quarter. The Czech National Bank improved its economic outlook, but increased its estimate of annual inflation. Police charged 17 people with VAT fraud, causing a loss of 30 million crowns. Fiala: The Czech National Bank is responsible for inflation, its governor should not blame the government. IMF: The Czech economy will fall by 0.5 percent this year, and grow by 2 percent in 2024. The nervousness in the Czech financial sector was unnecessary, says CNB Vice Governor Frait. Former CNB Vice Governor Tomáš Nidetzký has been heading the National Development Bank since May. HN: Monetary policy analysis expert Dana Hájková is leaving the CNB.

Stock exchanges: The price of gold has exceeded 2,000 USD per ounce, close to a record. The Mangan Chvaletice company is starting to test a verification unit for manganese production. Index: Commodity prices fell by five percent this year, with natural gas falling the most. Milada and Radek Bláh created a bouquet with 118 flowers made of pure gold.

Finance: MF sold government bonds for 21.8 billion crowns, demand was higher. The average interest rate on corporate loans is 8.9 percent, close to the maximum. First Republic shares weaken after the news that the company is heading for forced administration. On the last weekend of April, Sberbank CZ's loan clients transferred to Česká spořitelna. The largest Swiss bank UBS's quarterly profit fell by 52 percent to USD 1 billion. The administrator of Sberbank CZ sold all of the bank's corporate bonds for CZK 718 million. The Swiss parliament did not approve government aid to Credit Suisse. According to the Senate committee, the government should urgently address money laundering. Vacancies in the financial sector in London have decreased by almost a third. Association: Banks are closing bank accounts of companies that deal with cryptocurrencies. The government approved a tightening of the law against money laundering. Analysis: The average yield on corporate bonds in the Czech Republic rose to 8.28 percent in March. Credit Suisse recorded a large outflow of assets in the first quarter. Bank of America increased its profit in the quarter thanks to rising interest rates.