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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: Stanjura: Polish proposal to completely ban trade with Russia is unrealistic. Analysts: Tens of percent of applicants will not get a mortgage after tightening conditions. BIS head: The world may be on the verge of a new inflationary era. The Russian central bank has cut the base rate and indicated further cuts. The Fed has raised the base rate by half a percentage point, the most in 22 years. China will reduce the requirement for mandatory minimum reserves for banks to support growth. NYT: Sri Lanka's economy has hit rock bottom, the president is under pressure. The US economy has surprisingly fallen, but domestic demand is high. The Venezuelan government should receive the Nobel Prize in economics, said its leader Maduro. The Hungarian central bank has surprisingly raised the base rate to 4.40 percent. ECB warns cryptocurrency companies against circumventing anti-Russian sanctions. IMF: Food crisis in sub-Saharan Africa may lead to social unrest. Consulting firm Dun & Bradstreet downgrades Czech Republic, worsens outlook. Australia's central bank raises interest rates for the first time in more than a decade. Morawiecki: Poland proposes complete ban on trade with Russia. Britain imposes sanctions on Russian military officials, including commander from Buč. Head of the Budget Council Zamrazilová is also a member of the pension reform group. Inflation in the EU has reached a record 7.8 percent, the Czech Republic has the third highest. Fitch Ratings confirmed Slovakia's credit rating at A. The Czech National Bank has legally revoked Sberbank CZ's banking license. Survey: Almost three-quarters of companies will feel the negative impact of the war in Ukraine. Growth in business activity in the eurozone was stronger than expected in March. Czech household debt to banks rose to CZK 2.087 trillion in March. Olomouc scientists have developed a nanomaterial that will help reduce energy costs. ZEW: Investor confidence in the German economy fell less than expected. Analysts: Higher rates will quickly make mortgages more expensive, deposit interest rates will rise later. Study: 81 company bankruptcies were declared in March, the most since May 2019. Stanjura: Polish proposal to completely ban trade with Russia is unrealistic. Morawiecki: Poland proposes a complete ban on trade with Russia.

Stock exchanges: The wholesale price of gas for the European market fell by 70 percent in a week. Demand for silver rose last year by the most since 2015 and will continue to grow this year. Analysts: Food and industrial raw materials have increased in price by tens of percent this year.

Finance: New Hypoindex: The average mortgage offer rate in April rose to 4.88 percent.. Port survey: 47 percent of Czechs can save no more than CZK 2,000 per month. Analysis: The mortgage boom in the Czech Republic is ending this year, a third of applicants will not be able to get a loan. IFIS fund has started buying up receivables for the Czech Sberbank. The Czech National Bank will open a new visitor center on May 21. Bloomberg: The EU is considering supporting Ukraine from the assets of sanctioned Russians. Mastercard and Nexo will jointly issue the first payment card backed by cryptocurrencies. The IMF approved a new loan agreement with Argentina worth $ 44 billion. The number of Czechs who established a trust fund increased by 40 percent last year. The Russian Central Bank has left the base interest rate at 20 percent. Household deposits in banks fell by CZK 26 billion month-on-month in March. Orbán asks for the release of money from the EU recovery fund, citing the Ukrainian crisis as an argument. Experts: PPF is slowly leaving eastern markets a year after the death of founder Kellner.