4 001,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: EBRD: Forecasts of an early interest rate cut in Central Europe are optimistic. The Czech National Bank today left the credit market protection rate unchanged. A school in Železný Brod has acquired a nanofiber machine thanks to a partnership with Elmarco. Median: Czechs most often protect themselves against inflation by investing in gold. Investor confidence in the eurozone economy fell for the first time in five months in March. The EU should produce more green technologies and key raw materials, the EC proposed. The Chamber of Commerce: Real wages have increased by 141 percent since the founding of the Czech Republic. The Russian Central Bank will extend restrictions on capital movements. Hampl: High inflation is more reflected in budget expenditures than in budget revenues. Coronavirus and energy crisis have increased interest in Elmarco's Nanospiders. Zamrazilová: If the Czech National Bank predicts a 10 percent wage increase, there is a risk of tightening monetary policy. Czech National Bank: There are no banks operating in the Czech Republic with a similar model to those that failed in the US. The average wage in the Czech Republic reached 40,353 crowns last year, falling in real terms. The inflation rate in Argentina exceeded 100 percent for the first time since the early 1990s. According to the spokesperson, the Czech National Bank does not work with materials with the highest level of secrecy. EU countries have agreed on the principles of returning to fiscal rules, but not on the details. Inflationary pressures in the Czech economy are only slowly fading, analysts agree. Inflation in the US slowed to six percent in February, the lowest since September 2021. According to the head of the central bank, Greece's rating will soon return to the investment band.

Stock markets: The price of gold today surpassed the $2,000 mark, its strongest in a year. UBS: China could control a third of the lithium market by 2025.

Finance: Survey: Half of young Czechs see investing as standard money management. The British central bank is holding emergency talks over Credit Suisse. The Swiss bank Credit Suisse has discovered serious shortcomings in its statements. Reuters: Credit Suisse is only buying time thanks to help from the central bank. Hindenburg: Payment company Block, now led by the ex-head of Twitter, enabled fraud. SVB's collapse may have an impact on regional US banks, some investors fear. Expert: The collapse of the American bank SVB will not affect Czech start-ups to a greater extent. US stocks closed mixed, banks weakened. Flagstar Bank will take over deposits and loans from bankrupt Signature Bank. CBA: Mortgage volume in February increased by 20 percent month-on-month, rates fell. ČSOB warned today about fraudsters who abuse its logo. Bloomberg: UBS asks for government support in case of takeover of Credit Suisse. First Citizens BancShares is considering a bid for bankrupt SVB bank. Swiss bank UBS will take over rival Credit Suisse for three billion francs. Credit Suisse shares fell by 30 percent, main investor ruled out further aid. Credit Suisse shares fell by a quarter, main investor ruled out further aid. European shares weakened sharply due to the collapse of two American banks. A Chinese company with the participation of a bankrupt American bank claims that it is operating stably. Another bank, New York's Signature Bank, has closed in the USA. Russia's Sberbank proposes to pay out a record 565 billion rubles in dividends. Media: UBS likely to buy rival Credit Suisse for more than $2 billion. British bank considering buying UK division of bankrupt US bank SVB. European bank shares fall sharply, Credit Suisse takeover fails to calm markets. Credit Suisse to borrow up to 50 billion Swiss francs from central bank.