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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: Turkey's inflation rate rises above 36 percent, significantly exceeding estimates. Household debt to banks rose to 2.032 trillion crowns in November. Deloitte: Economy to grow by 4 percent this year, reaching pre-pandemic levels. Slovakia's inflation rate rose to 5.8 percent in December, a 17-year high. Czech National Bank's foreign exchange reserves rose to 150.5 billion euros in November. Millions of families in Britain face economic difficulties, research institute warns. The Czech National Bank does not rule out inflation above 10 percent early this year. Britain's unemployment rate surprisingly fell to 4.1 percent in November. Rusnok: A rate hike of more than five percent next year is extremely unlikely. The price of gasoline in the Czech Republic is stagnating below CZK 36/l, diesel has become slightly cheaper. Businesses: Czech economic growth will reach four percent in 2022. Unemployment in the US has fallen to 4.2 percent, job creation has fallen short of estimates. AP: Bulgarians are traveling en masse to Turkey, using the fall in the local currency to make purchases. CT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for governor of the Czech National Bank. The Czech and Slovak economies have been hit this year by problems with car manufacturers. Inflation in the EU has risen to 5.2 percent, reaching a 20-year high. Developers disagree on the consequences of the interest rate hike, and are also talking about a real estate bubble. Experts: VAT exemption reduced December inflation, it could be 10 percent in January. The German economy returned to growth last year, GDP increased by 2.7 percent. PwC survey: Three quarters of Czech companies increased prices last year. CNB: Balance of payments ended the third quarter with a deficit of 76.7 billion crowns.

Stock exchanges: Analysts: Stocks appreciated the most this year, bonds and gold lost. Aluminum prices for European consumers are rising to record highs due to expensive electricity. De Beers has significantly increased diamond prices, according to Bloomberg sources by about eight percent. The price of gold is losing almost four percent this year, the most since 2015. Sotheby's has shown a rare 555-carat black diamond, it will be offered at auction in February.

Finance: Italian bank MPS wants to raise 2.5 billion euros from the sale of shares next year. Bloomberg: PayPal is exploring the possibility of creating its own cryptocurrency. The volume of new bank loans in China rose to a record last year. The Rockaway Blockchain Fund invested over CZK 110 million in 1Inch. UniCredit Bank: Demand for real estate has the character of a speculative bubble. According to the press, the British government is preparing to freeze the BBC concession fee. Association: The popularity of savings in the 4th quarter of the year increased after the previous decline. The Czech National Bank has tightened the limits for providing mortgages since April 2022. The ECB will end the emergency pandemic bond purchase program at the end of March. Survey: 59 percent of Czechs will not be frugal at Christmas due to the financial situation. The cost of labor in the US is rising sharply, said the head of the investment bank JPMorgan. The Polish central bank has increased the main interest rate to 1.75 percent due to inflation. The Czech National Bank will publish stress tests of banks with the possible impacts of climate change next year. Russia's central bank raises key interest rate to 8.5 percent. Mail on Sunday: British government to cut BBC funding. Crowdfunding platforms to be licensed by Czech National Bank. Retailers report sales up tens of percent ahead of Christmas. BBC would not provide same services if only commercially funded, warns its boss. Central bank warns against investing in virtual tokens.