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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: Dun & Bradstreet: In most countries of the world, bankruptcies decreased last year. Drink less tea, the Pakistani government, which is dealing with the economic crisis, urged citizens. Commodity prices are rising, food prices have increased by tens of percent this year, oil by half. The Polish central bank has increased the base interest rate to six percent. The president will appoint new members of the bank board today, he has not yet published the names. The bishopric of Budějovice has deepened its loss, the repairs of monuments are to blame. The British central bank has increased the base interest rate, the economy is expected to decline next year. The Fed has increased the base interest rate by half a percentage point, the most in 22 years. Export growth from China slowed sharply in April due to Covid-19. The IMF will probably further worsen the outlook for global growth for this year next month. Saudi Arabian billionaire Al-Walid will sell a stake in his company to the state fund PIF. According to the NIESR institute, Britain is facing a recession in the second half of the year. Inflation rose to 16 percent in May and will continue to rise, it is the ninth highest in Europe. Aleš Michl will be the new governor of the Czech National Bank from July, he wants rate stability. Slovak industry deepened the pace of decline to 7.3 percent in March. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. Moravian-Silesian companies: Rate increases may affect subcontractors. ECB will accelerate work on a mechanism that will reduce differences in bond yields. May inflation was 1.1 percentage points higher than the Czech National Bank estimated. The Czech National Bank Council decided today to intervene in the foreign exchange market against the weakening of the crown. Analysts: The origin of inflation dates back to before the pandemic, in addition to rates, the exchange rate can be used against it. Bloomberg: The US economy could surpass China in growth this year for the first time since 1976. The Czech National Bank left the limits for providing mortgages unchanged. Inflation in Slovakia accelerated to 11.8 percent, the highest since June 2000. The Czech National Bank imposed a fine of CZK 2.5 million on the credit company Acema Credit Czech. Rusnok: If developments confirm the CNB's estimates, rates will probably rise in June. Inflation in the US slowed to 8.3 percent in April, but is close to a 40-year high. Lagarde: Cryptocurrencies are worthless, they should be regulated. 51 company bankruptcies were declared in the Czech Republic in May, seven fewer than in April. Note: The CNB Council agreed that the war changed the structure of inflationary pressures. The war has not yet had an impact on unemployment and industry, but uncertainty dominates the market. Sri Lanka will give civil servants an extra day off so they can grow food. The inflation rate in the eurozone in May reached a record 8.1 percent. The Liberec region wants CZK 1.2 billion in subsidies for events in the new programming period. The crown strengthened slightly today after the appointment of three new members of the CNB bank board. The Accolade group is investing over CZK 1.5 billion in Spain, most recently in Seville.

Stock exchanges: Energy and food commodities have risen in price by tens of percent since the invasion. Russia's stake in the largest platinum project in Zimbabwe is deterring investors.

Finance: PayPal will allow you to move cryptocurrencies to external wallets. People from banks and technology companies are more likely to leave for fintech start-ups. SMBC to become second-largest aircraft lessor by taking over rival Goshawk. Deutsche Bank to stop issuing cash over the counter in most branches. Czech Post fined half a million crowns for investment services by Czech National Bank. List News: Court unblocks Janoušek and Pašek's assets worth CZK 145 million. Société Générale CEO Frédéric Oudéa to step down next year.