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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: Eurogroup: Inflation in EU countries is between six and 20 percent, it must be reduced. Informal meeting of European finance ministers and governors continues in Prague. Inflation exceeded market expectations, according to analysts it is close to the peak. The British central bank begins temporarily unlimited purchases of government bonds. Czech household debts with banks increased by 8.5 billion to 2.12 trillion CZK in August. European finance ministers and governors will meet in Prague on Friday and Saturday. The Fed raised the base interest rate as expected, the rate is the highest since 2008. Vinyl producer GZ Media is considering moving part of its production outside the Czech Republic due to energy. Inflation in Turkey rose to 83.5 percent in September, the highest since 1998. The Czech National Bank Council today left the credit market protection rate unchanged. The Japanese central bank has not changed interest rates, promoting a loose monetary policy. Real wages fell by 9.8 percent, and according to analysts, people have become the poorest since the founding of the Czech Republic. Analysis: The number of bankruptcies increased by a tenth in the third quarter year-on-year to 172. The Czech National Bank issues a commemorative silver coin with the Zátopek couple. The Ministry of Finance proposes a 60 percent tax on extraordinary profits for banks, refineries and miners. The Australian central bank raised interest rates to a nine-year high of 2.60 percent. According to the head of German employers, the crisis will not be overcome without state intervention. The Polish central bank surprisingly left the base rate at 6.75 percent. Analysts: August unemployment increase signals approaching recession. Eurochambres: Energy crisis must be addressed by capping energy prices. Analysts: European Central Bank rate hike will increase pressure on the crown. Foreign investors hold 27.1 percent of Czech government bonds. The Czech National Bank will issue a thousand-koruna note with an overprint for the 30th anniversary of the currency separation. AP: Bakery in Cologne to close after significant increase in energy prices after 90 years. Analyst: The Czech National Bank increased support for the crown to CZK 246 billion in July. The British central bank begins temporarily unlimited purchases of government bonds. Eurometaux: Energy crisis is an existential threat to metal production in Europe. Nobel laureates point to banks' fragility and need for regulation. Millions of Britons are looking for second jobs due to rising living costs. Sweden's central bank raised its main interest rate by the most since 1992. Truss defended the economic plan that caused the British pound to weaken sharply. Fiscal Council: There is no motivation to consolidate finances after the relaxation of rules. According to Vestager, the importance of antitrust authorities is growing in the crisis. The company of the year in the Karlovy Vary region is a wig seller, the sole proprietor is a violin maker. The inflation rate in Turkey has risen to 80.2 percent, the growth rate is slowing. Austrian: If the EU finds an agreement, it could lead to calm in energy markets.

Stock exchanges: Bruegel: European governments have allocated 500 billion euros to help energy consumers. Expert: The price of gold fell sharply this week to an almost 2.5-year low.

Finance: Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Lebanese banks have suspended services to clients due to increasing raids. Analysts: Time is not favorable for investments, real estate can bring a nice appreciation. Komerční banka shareholders will decide on the dividend from November 6 to 21. Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Benchmark: Almost a third of bonds on the Czech market are risky. Expobank CZ, which was bought by Banka Creditas, will be renamed Max banka.