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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: Analysts: Higher rates will quickly make mortgages more expensive, deposit rates will rise later. Analysts: Polish proposal to ban trade with Russia in the EU will have a hard time passing. ECB warns cryptocurrency companies against circumventing anti-Russian sanctions. Older banknotes will expire at the end of June, and exchange will be possible afterwards. EU countries have approved the fourth package of sanctions against Russia, hitting luxury and energy. Hungary's central bank surprisingly raised the base interest rate to 4.40 percent. ZEW: Investor confidence in the German economy has fallen to a record low due to the war. Minister: Germany cannot quickly disconnect from Russian energy resources. The Venezuelan government should receive the Nobel Prize in Economics, said its leader Maduro. Wednesday: The threat of stagflation, high inflation and low growth, has increased even more. Analysts: Inflation will increase even more, it may exceed 12 percent. IAB: The war in Ukraine could reduce Germany's GDP growth by more than half. Analyst: The market expects the CNB to increase the rate to five percent, the koruna's reaction will not be drastic. The Slovak Central Bank has significantly worsened the country's economic growth outlook. Biden: G7 will abolish the most favored nation clause for Russia, the US will limit imports from Russia. Fitch Ratings confirmed Slovakia's credit rating at A. Inflation in Turkey exceeded 60 percent in March, the highest in 20 years. GfK: Consumer sentiment in Germany is deteriorating due to the war in Ukraine. Growth in business activity in the eurozone was stronger than expected in March. Inflation in the Czech Republic may rise to around 13 and 14 percent, Rusnok said. Stanjura: The Polish proposal to completely ban trade with Russia is not realistic. Rising prices at gas stations are troubling Germany, Poland and Slovakia. Britain will ban the export of luxury goods to Russia and introduce new import duties. Morawiecki: Poland proposes a complete ban on trade with Russia. The Czech National Bank Council has increased the base interest rate to five percent, the highest since 2001.

Stock exchanges: Ekonomický denik: The Germans are also preparing to mine lithium in the Ore Mountains. The owner of Norilsk Nickel warns against dragging Russia back to 1917. Half of the world's neon production for chip production has stopped in Ukraine.

Finance: The Russian Central Bank has left the base interest rate at 20 percent. Bloomberg: The EU is considering supporting Ukraine from the assets of sanctioned Russians. Chotěbori left 105 million crowns in Sberbank, the city had them for investments. The Japanese Central Bank did not raise interest rates, warns of the impacts of the war in Ukraine. The Kazakh Central Bank responded to reports about issuing payment cards to Russians. IMF: The Ukrainian economy could fall by up to 35 percent this year. Creditors are waiting to see whether Russia will pay interest on dollar bonds. The ECB will reduce bond purchases more quickly due to high inflation. Experts: PPF is slowly leaving eastern markets a year after the death of founder Kellner. The invasion of Russian troops in Ukraine has interrupted about a third of economic activity. IMF approves new $44 billion loan agreement with Argentina. ECB to cut bond purchases faster due to high inflation. Thousands of Russians stranded in Thai resorts due to war in Ukraine. Analysis: Mortgage boom in the Czech Republic ends this year, one third of applicants will not be able to get a loan. Russia sent interest on dollar bonds as planned, awaiting results. New Hypoindex: Average mortgage offer rate rose to 4.88 pct in April. Biden proposes to increase defense spending, asks for almost $700 million for Ukraine.