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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: According to the Czech National Bank, Czech household debts to banks have exceeded two trillion crowns. IMF mission: Czech economy will grow by 2.6 percent this year, by 3.5 percent next year. Taiwan has promised investments in Lithuania, while Vilnius faces pressure from Beijing. Exporters: Exports from the Czech Republic will be a record 3.8 trillion this year, but the balance will be negative. January inflation will almost certainly exceed seven percent, says Holub from the Czech National Bank. The Czech and Slovak economies were hit this year by problems with car manufacturers. Unemployment in the US fell to 4.2 percent, job creation fell short of estimates. Experts: December inflation was reduced by VAT exemption, it could be 10 percent in January. Household debts with banks rose to 2.032 trillion crowns in November. CRIF: The number of personal bankruptcies fell by 11 percent last year to 15,443. IMF: El Salvador should not use the cryptocurrency bitcoin as legal tender. Last week, CNB board members Michl and Dědek voted again for rates to remain unchanged. Unemployment in Germany fell to 5.2 percent in December, the lowest since the pandemic. Millions of families in Britain face economic difficulties, warns a research institute. Year-on-year inflation accelerated to 6 percent in November and prices will continue to rise. Industrial producer prices rose by 13.5 percent in November, the most since the founding of the Czech Republic. The inflation rate in Turkey rose above 36 percent, significantly exceeding estimates. Developers disagree on the consequences of the interest rate increase, they are also talking about a real estate bubble. Rusnok: An increase in rates above five percent next year is extremely unlikely.

Stock exchanges: Experts: Precious metals fell in price last year, oil and industrial metals rose significantly. WPIC: The platinum market will show the highest surplus in several years this year. The price of uranium is increasing significantly due to unrest in Kazakhstan. WPIC: The platinum market will show the highest surplus in several years this year. The price of gold rose to a five-month high after the report on high inflation in the US.

Finance: Analysts: The increase in the CNB's base rate will quickly be reflected in the increase in the cost of loans. Dealers report an increase in sales by tens of percent before Christmas. The Volkswagen Group will invest around 159 billion euros in the next five years. Experts: The tightening of mortgage lending is not surprising, banks are already complying. According to the survey, about a third of people are not going to protect their savings against inflation. The Russian Central Bank has increased the base interest rate to 8.5 percent. The price of gold has fallen by 7.5 percent this year, with silver and platinum falling even more. The EBRD is investing ten million euros in green bonds from the Photon Energy group. Banks: The tightening of mortgage lending conditions will not have a significant impact. Survey: 70 percent of people study loan terms for at least an hour. Association: The popularity of savings increased in the 4th quarter of the year after the previous decline. Lending index: People can give up to CZK 95,000 more for an annual loan of CZK 50,000. The Czech National Bank will publish bank stress tests with the possible impacts of climate change next year. Italian bank MPS wants to raise 2.5 billion euros from share sales next year. J&T: Most dollar millionaires in the Czech Republic and Slovakia are now most worried about inflation. Banks will pay more into reserves to protect the credit market. The pandemic increases the share of the super-rich in global wealth. The ECB will end the emergency pandemic bond purchase program at the end of March. Platforms providing investment crowdfunding must have a license from the Czech National Bank. Czechs plan to spend an average of 12,700 CZK for Christmas, according to a survey. The cost of labor in the US is rising sharply, said the head of investment bank JPMorgan.