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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: The Czech National Bank has imposed a fine of CZK 2.5 million on the credit company Acema Credit Czech. Fiala wants price stability, other politicians point out Michl's connection to Babiš. Analysts: Inflation will rise to 15 percent, so the Czech National Bank will probably raise rates. Saudi Arabian billionaire Walid will sell a stake in his company to the state fund PIF. The Czech National Bank Council decided today to intervene in the foreign exchange market against the weakening of the koruna. Commodity prices are rising, food prices have increased by tens of percent this year, oil by half. Every tenth household in the eurozone owns crypto assets, an ECB survey showed. Inflation in Slovakia has accelerated to 11.8 percent, the highest since June 2000. The Fed has raised the base interest rate by half a percentage point, the most in 22 years. Union: The current crisis can strengthen Europe, it should not disrupt functioning systems. Ukraine has more than doubled the base interest rate to 25 percent. The Trade Union supports volunteering at EET, if it is clear what bonuses it will bring. In the new programming period, the Liberec Region wants subsidies for events worth 1.2 billion CZK. The president will appoint new members of the bank board today, but he has not yet published the names. The US economy has surprisingly fallen, but domestic demand is high. Reuters: Musk told managers that Tesla must lay off ten percent of its employees. According to the NIESR institute, Britain is facing a recession in the second half of the year. The inflation rate in the eurozone rose to a record 8.1 percent in May. Rusnok: If the development confirms 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. Aleš Michl will be the new CNB governor from July, he wants rate stability. IMF: Food crisis in sub-Saharan Africa may lead to social unrest. Analysis: Inflation in Europe will peak in the second quarter. Slovak industry deepened the pace of decline to 7.3 percent in March. The Russian central bank cut the base interest rate and indicated further cuts. According to economists, Michl's appointment as CNB governor may indicate more significant changes. IIF: Global debt rose to a record $305 trillion in the first quarter. Note: The CNB Council agreed that the war changed the structure of inflationary pressures. The CNB intervened today against the weakening of the koruna, which strengthened below CZK 25 per euro. Bloomberg: The US economy could surpass China in growth this year for the first time since 1976. Shares in Budapest are falling after the announcement of the extraordinary tax, especially banks. Dun & Bradstreet: In most countries of the world, corporate bankruptcies decreased last year. Czech household debts to banks rose to CZK 2.087 trillion in March.

Stock exchanges: Russia's share in the largest platinum project in Zimbabwe is deterring investors. Demand for silver rose last year to the highest level since 2015 and will continue to grow this year. The deposits that ČEZ must deposit on the stock exchange reached CZK 100 billion in March. Analysts: Food and industrial raw materials have increased in price by tens of percent this year.

Finance: List News: Tykač has the CNB's approval to increase his stake in Moneta to 20 percent. People from banks and technology companies are more likely to leave for fintech start-ups. IFIS fund starts buying up claims on Czech Sberbank. Port survey: 47 percent of Czechs can save no more than CZK 2,000 per month. Head of German DWS resigns, authorities suspect her of deceiving investors. Société Générale CEO Frédéric Oudéa to step down next year. PayPal will allow cryptocurrencies to be moved to external wallets. Expert: Crowdfunding regulation will increase interest in it by tens of percent.