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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: Inflation rose to 16 percent in May and will continue to rise, the ninth highest in Europe. Sri Lanka will give civil servants an extra day off so they can grow food. ECB will accelerate work on a mechanism that will reduce differences in bond yields. ECB will end asset purchases at the end of June, leaving the base rate at zero for now. Bloomberg: The US economy could outgrow China's growth this year for the first time since 1976. The crown strengthened slightly today after the appointment of three new members of the CNB bank board. G7 countries want further sanctions against Russia, which may affect gold and energy prices. The České Budějovice bishopric deepened its loss, which is due to repairs to monuments. The CNB left mortgage limits and the credit market protection rate unchanged. The Slovak Central Bank has worsened its economic growth forecast, expecting higher inflation. The Polish Central Bank has raised the base interest rate to six percent. The Union: The current crisis can strengthen Europe, it should not disrupt functioning systems. According to estimates, the CNB Council may increase the base interest rate to seven percent. Dun & Bradstreet: In most countries of the world, corporate bankruptcies decreased last year. The Australian Central Bank has raised interest rates by 0.5 percentage points, the most in 22 years. According to the association, including heating plants in the sectoral tax would jeopardize their modernization. The volume of debt collection agencies' receivables fell by 150 million last year to 21.05 billion CZK. The G7 summit stood by Ukraine and is preparing further anti-Russian sanctions. Komerční banka was fined 7.5 million CZK by the CNB for violating mortgage rules. The CNB left the limits for providing mortgages unchanged. About 3,000 businesses have already gone bankrupt in Poland this year, the most in five years. Lagarde: Cryptocurrencies are worthless, they should be regulated. Manufacturers: Battery and hydrogen trains are the future on non-electrified lines. Growth in business activity in the eurozone slowed in May, but remains strong. The inflation rate in the eurozone rose to a record 8.1 percent in May. The president will appoint new members of the bank board today, but he has not yet published the names. Analysis: 91 percent of companies did not publish their financial statements for last year on time. Rusnok: If developments confirm the CNB's estimates, rates will probably rise in June. According to the prime minister, Sri Lanka needs at least five billion USD for basic goods. Russia paid off its debt early today to avoid insolvency. Business activity in the eurozone has deteriorated sharply due to inflation. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. From next year, it will not be necessary to know the recipient's account number to send money. Three-quarters of young Lebanese want to go abroad, most do not intend to return. The Polish central bank has increased the base interest rate to six percent.

Stock exchanges: Energy and food commodities have risen in price by tens of percent since the invasion. Citigroup: Oil will be more expensive this year and next year, contrary to original assumptions.

Finance: The number of dollar millionaires in the Czech Republic rose by 6.9 percent last year to 32,200. The head of German DWS will resign, the authorities suspect her of deceiving investors. List News: The court unblocked Janoušek and Pašek's assets worth CZK 145 million. Kooperativa and Česká podnikatelská pojišťovna became the Insurance Company of the Year. The Czech National Bank fined the Czech Post Office half a million crowns for investment services. Société Générale CEO Frédéric Oudéa will step down next year. People from banks and technology companies are more likely to leave for fintech start-ups. Šmejc: As head of the PPF Group, I am more willing to connect with partners in transactions.