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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: Powell: Fed will not let US economy slip into higher inflation regime. The Polish central bank raised its key interest rate to 6.5 percent. Analysts: In May, the Czech National Bank used CZK 86 billion from foreign exchange reserves to defend the crown. The crown strengthened slightly today after the appointment of three new members of the Czech National Bank Board. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. The company Rubikonfin received a securities dealer license from the Czech National Bank. The director of the Czech National Bank office, Báčová, and the head of communications, Fišerová, have resigned. This year, courts have declared 341 companies bankrupt, 41 fewer than a year ago. According to the prime minister, Sri Lanka needs at least USD five billion for basic goods. Norway's central bank surprisingly raised its base rate to 1.25 percent. Poland's central bank raised its base rate to six percent. G7 countries want more sanctions against Russia, which could affect gold and energy prices. Study: In the Czech Republic, bankruptcies of companies and entrepreneurs decreased in the first half of the year. G7 summit stands by Ukraine and prepares more anti-Russian sanctions. OECD: Global corporate tax reform could come into effect in 2024. Germany reported its first foreign trade deficit since 1991 in May. Fitch downgraded its global sovereign debt rating. Swiss central bank raises interest rates for the first time in 15 years. Pakistani government urges citizens to drink less tea, as it grapples with economic crisis. South Korea's central bank raises interest rates by the most since 1999. G7 countries move to ban gold imports from Russia, EU may join in. The České Budějovice bishopric has deepened its loss, which is due to repairs to monuments. Analysis: 91 percent of companies did not publish their financial statements for last year on time. The head of the German opposition Merz proposed a plan against the inflation and energy crisis. Australia raised the main interest rate by half a percentage point. According to the association, including heating plants in the sectoral tax would jeopardize their modernization. The Czech National Bank is examining the Ministry of Finance's announcement of a proposal to pay a higher dividend for ČEZ shares. Analysts: Year-on-year inflation will probably increase due to energy prices. CNB Governor Michl: Reducing inflation will be the priority. The anniversary of Tomáš Bata's death will be commemorated in Zlín with exhibitions and Bata publications. May inflation was 1.1 percentage points higher than the CNB estimated. The CNB left mortgage limits and the credit market protection rate unchanged. 51 company bankruptcies were declared in the Czech Republic in May, seven fewer than in April. Colombian and Venezuelan entrepreneurs are preparing for the opening of the border. In the new programming period, the Liberec Region wants CZK 1.2 billion in subsidies for events. The president will appoint new members of the bank board today, but he has not yet published their names. The new CNB bank board met for the first time and divided its powers. Chinese export growth surprisingly accelerated in June.

Stock exchanges: Precious metal prices are not growing this year, food and oil prices have increased by tens of percent.

Finance: Mortgage rates rose to five percent, volume fell by 8 percent month-on-month to 19 billion. Cryptocurrency firm Celsius filed for bankruptcy protection from creditors. PayPal will allow cryptocurrencies to be moved to external wallets. French bank BNP Paribas is interested in Dutch ABN Amro, writes Reuters. Financial Stability Board to propose global rules for regulating cryptocurrencies. List News: Tykač has the consent of the Czech National Bank to increase its stake in Moneta to 20 percent.