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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: ČNB: Qubix Investment is not licensed to provide investment services in the Czech Republic. Online supermarkets are solving the problem of selling food in installments, allowing deferred payment. China unexpectedly lowered interest rates after weak static data for July. Wienerberger and Heluz rely on the amendment on regulatory levels in the gas crisis. The strongest Slovak government movement proposed to increase taxes and introduce a new one. CNBC: Economists differ in their views on the long-term development of the Russian economy. The Czech National Bank left the base interest rate at seven percent, inflation is expected to be around 20 percent. The Turkish central bank shocked financial markets by significantly reducing interest rates. Low river levels threaten Berlin's plans to strengthen energy security. The Ministry of Finance's forecast is optimistic according to the Budget Forecast Committee. Analysts: Bad weather threatens rice harvest, its price may increase inflation. Japan's GDP grew by 2.2 percent in the second quarter thanks to private consumption. The banking association improved its estimate of Czech economic growth for this year to 2.4 percent. Senator Chalánková proposed constitutionalizing the right to cash payments. Inflation in Turkey rose to 79.6 percent in July, the highest in 24 years. Germany is debating whether households or companies will bear the burden of gas shortages. British companies are turning away from China, says the head of the Confederation of British Industry. Analyst: The Czech National Bank doubled its support for the crown to CZK 174 billion in June. Car manufacturers report lower demand in Europe and North America. Iceland's central bank raised its base rate to a six-year high. The introduction of the euro in the Czech Republic is now disadvantageous and unrealistic, agreed Vystrčil and Havlíček. Central bank chief: German inflation may rise to 10 percent, recession looms. Activity in the eurozone business sector deepened the decline in August. The Russian central bank surprisingly lowered the base interest rate to eight percent. Year-on-year inflation accelerated again, but analysts said the slower pace was surprising. Foreign investors have been reducing their holdings of Chinese bonds for five months. FT: The European office market faces the biggest test since the financial crisis. Solomon will submit a package of proposals to the government to reduce the administrative burden. Malaysian Supreme Court confirms 12-year sentence for ex-prime minister for corruption.

Stock exchanges: The price of electricity on the German stock exchange exceeded 500 euros per megawatt-hour for the first time. European energy prices are falling as the EU plans to intervene in the crisis. Demand for gold increased by 12 percent in the first half of the year to 2,189 tons. The price of electricity on the Prague stock exchange exceeded 1,000 euros per megawatt-hour today. The price of gold is at a more than annual minimum, waiting for interest rate movements in the eurozone. AP: A 170-carat pink diamond was mined in Angola, the largest in 300 years.

Finance: Financial institutions paid 716 million crowns more to the Guarantee System year-on-year. Google Play will allow some developers in Europe to use competing payment systems. PPF's annual report for 2021 focuses on business and non-profit activities. The European Commission has officially ended its tightened supervision of Greece's economy. Online broker Robinhood Markets will lay off 23 percent of its employees. Mortgage rates rose to 5.4 percent, volume fell by more than a third month-on-month. A man who forced a bank robbery to pay off his debts was freed in Lebanon. Economists: The mortgage market will continue to decline in the coming months. Expert: The largest creditor of Sberbank cz is the Financial Market Guarantee System. Česká spořitelna's net profit rose by 67 percent in the first half of the year to 11 billion crowns.