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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: Fuel prices in the Olomouc region have risen again since last week. Last week, CNB board members Michl and Dědek voted again for rates to remain unchanged. Analysts: Wages will continue to rise, but high inflation will devalue them. According to economists, inflation is still not at its peak, it will be as high as seven percent. JPMorgan: The crown and the ruble will do better in inflation than other comparable currencies. The Ministry of Finance wants to raise the limit for mandatory VAT payment to two million CZK, asks Brussels. Exporters: Exports from the Czech Republic will be a record 3.8 trillion this year, but the balance will be negative. Ten percent of the richest Americans own a record 89 percent of shares in the USA. Analysts: Inflation was mainly affected by the VAT exemption, but it will still grow. Businesses: The Czech National Bank's sharp increase in interest rates will hit Czech companies hard. Developers: Tightening mortgage lending does not solve the housing shortage. The Czech National Bank's foreign exchange reserves rose to 150.5 billion euros in November. The inflation rate in the US rose to 6.8 percent, the highest in almost 40 years. According to the Czech National Bank, Czech households' debts to banks exceeded two trillion crowns.

Stock exchanges: The price of zinc has increased significantly due to production outages, it is the highest in 14 years. Metal processor Saker's sales increased to 2.374 billion crowns last year. The price of gold rose to a monthly high after the weakening of the dollar and bond yields. Týnský Kovostroj expects record sales, interest in window profiles is huge. The EU and the US have resolved a protracted dispute over tariffs on aluminum and steel imposed by Trump. The price of gold rose to a five-month high after the report on high inflation in the US.

Finance: EBRD invests ten million euros in green bonds of the Photon Energy group. The Fed begins to limit support for the economy, will reduce bond purchases. Komerční banka's profit in three quarters increased by 40.7 percent to CZK 8.6 billion. The Polish central bank raised interest rates the most significantly since 2000. The South Korean central bank raised interest rates for the second time this year. Moneta's net profit increased by more than half to CZK 2.9 billion. The Rockaway Blockchain Fund invested over CZK 110 million in 1Inch. Australian company Zip completed the purchase of Czech fintech Twisto. Chinese developers have trouble finding buyers for their billion-dollar assets. British banking company Barclays doubled its quarterly profit. Pandemic increases the share of the super-rich in global wealth. Precious metals are falling this year, industrials have risen in price by tens of percent. Deutsche Bank analyst: Real yields will likely remain negative for a long time. Central bank warns against investing in virtual tokens. Survey: 70 percent of people study loan terms for at least an hour. UniCredit: The advantage of buying residential real estate has further decreased significantly. Banks: Tightening mortgage conditions will not have a significant impact. The Turkish central bank has cut interest rates again despite high inflation and a weak currency. Czechs plan to spend an average of CZK 12,700 for Christmas, according to a survey. Survey: 59 percent of Czechs will not be frugal for Christmas due to their financial situation. Banks will pay more into reserves to protect the credit market. Hungary's central bank has raised its base interest rate again. Citigroup, Morgan Stanley and Bank of America's profits beat expectations. According to a survey, about a third of people are not going to protect their savings against inflation. Poland's central bank has raised its main interest rate to 1.75 percent due to inflation.