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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: HN: Monetary policy analysis expert Dana Hájková is leaving the Czech National Bank. Former finance ministers: The approved state budget deficit is unrealistic, it will be higher. Four out of seven members of the Czech National Bank Board were in favor of rate stability. Analysis: Bank rates on savings accounts have remained at the same level since January. Nervousness in the Czech financial sector was unnecessary, says CNB Vice Governor Frait. According to statistics, the German economy stagnated in the first quarter. The Vysočina Region had 285 million higher tax revenues in the first quarter than last year. The Czech National Bank improved the economic outlook, but increased its estimate of annual inflation. Entrepreneurs expect economic stagnation and high inflation this year. In March, the new members of the CNB Bank Board were in favor of rate stability. Ifo: The wave of price increases in Germany has passed its peak, but the decline in inflation will be slow. The state collected 280.6 billion crowns in taxes in the first quarter. Inflation slowed to 15 percent in March, analysts and the Czech National Bank expect a further decline. According to analysts, the Czech National Bank will probably leave the interest rate at seven percent, they do not expect a reduction. The police have accused 17 people of evading VAT with a loss of 30 million crowns. Havlíček (ANO): The government is also responsible for inflation, it did not use fiscal instruments. Fiala: The Czech National Bank is responsible for inflation, its governor should not blame the government. The Ministry of Finance sold bonds for 12 billion crowns as planned. The IMF has downgraded its estimate of this year's global economic growth to 2.8 percent. Czech National Bank: Czech household debts to banks rose to 2.16 trillion crowns in March. Investments in commercial real estate in Europe were the lowest in 11 years until March. Analysis: The volume of Czech capital in domestic companies is the highest in three years. The trend of gradual departure from the US dollar continues to strengthen in the world.

Stock exchanges: Reuters: Will metal recycling help maintain the net zero emissions target?. Index: Commodity prices fell by five percent this year, with natural gas falling the most. Golden Gate's sales rose by 23 percent last year to CZK 6.5 billion.

Finance: Stuchlík's company will increase its stake in the Quant fund, which will no longer be linked to Michl. The government has approved a tightening of the law against money laundering. Komerční banka has a photovoltaic power plant on the roof of its Prague headquarters. Association: Banks are closing bank accounts of companies dealing in cryptocurrencies. The US banking crisis is not over yet, the head of JPMorgan Chase warned. The third major bank in the US has closed in two months, the authorities closed First Republic. Credit Suisse recorded a large outflow of assets in the first quarter. On the last weekend of April, Sberbank CZ's loan clients transferred to Česká spořitelna. BNP Paribas doubled its profit in the quarter thanks to the sale of its American division. German authorities imposed a fine of half a million euros on Wirecard's auditor. The average interest rate on corporate loans is 8.9 percent, close to the maximum. Moody's has worsened the outlook for the rating of betting company Allwyn due to higher debt. The value of investor Icahn's assets has fallen sharply due to allegations of unfair practices. Bank of America increased its profit in the quarter thanks to rising interest rates. SAS Institute: Banks have been using artificial intelligence platforms for over a decade. Vacancies in the financial sector in London have decreased by almost a third. Sberbank CZ administrator sells all corporate bonds of the bank for 718 million CZK. Swiss parliament does not approve government aid to Credit Suisse. First Republic shares weaken after news that the company is heading for forced administration.