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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. According to entrepreneurs, expensive energy has already affected the production of companies, including the Duslo chemical company. Last week, CNB board members Michl and Dědek voted again for rates to remain unchanged. IMF: Introducing cryptocurrencies as legal tender is unreasonable and risky. Experts: Chip deliveries to the automotive industry will only return to normal next year. ČEZ received almost CZK 1.5 billion from the state, which is interest in the dispute over the allowance tax. According to economists, inflation is still not at its peak, it will be as high as seven percent. Businesses: The CNB's sharp increase in rates will hit Czech companies hard. Exporters: Exports from the Czech Republic will be a record 3.8 trillion this year, but the balance will be negative. North Korea is looking for new solutions to food shortages, breeding black swans for food. The crown strengthened below 25.20 CZK/EUR, making it the strongest since the end of February 2020. China's producer prices rose to a record high in September due to commodity prices. IMF mission: The Czech economy will grow by 2.6 percent this year, by 3.5 percent next year. The Czech National Bank will resume the sale of part of the proceeds from foreign exchange reserves after nine years. According to the Czech National Bank, Czech households' debts to banks exceeded two trillion crowns.

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

Finance: Česká spořitelna earned a third more in the first three quarters than a year ago. Index: The average Czech investor in funds earned 5.43 percent this year. The head of the German central bank Jens Weidmann is resigning for personal reasons. Survey: 70 percent of people study loan terms for at least an hour. The study found that only a handful of people and companies still hold the most bitcoins. The Hungarian central bank has increased the base interest rate to 2.1 percent. The Rockaway Blockchain Fund invested over 110 million CZK in the company 1Inch. UniCredit: The advantage of buying residential real estate has further decreased significantly. Banks: Tightening mortgage lending conditions will not have a significant impact. Fincentrum: The volume of mortgages increased by 90 percent this year, last year was a record. The Czech National Bank has tightened mortgage lending limits since April 2022. The Hungarian central bank has again increased the base interest rate. Goldman Sachs' quarterly profit rose sharply, exceeding expectations. Komerční banka's profit rose by 40.7 percent to CZK 8.6 billion in three quarters. EBRD invests ten million euros in green bonds of the Photon Energy group. Three-quarters of Czechs do not believe in investments, the elderly have the most knowledge. Chinese developers have trouble finding buyers for their billion-dollar assets. The quarterly profit of the American bank JPMorgan rose by 24 percent. Indian Paytm shares fell by more than a fifth during their debut on the stock exchange. The Fed could limit bond purchases in November, according to the minutes of the meeting. Russia's Expobank, which also does business in the Czech Republic, is negotiating the sale of its activities in Europe. Precious metals are falling this year, industrial prices have risen by tens of percent. The central bank warned against investing in virtual tokens. Australia's largest bank CBA will offer people cryptocurrency trading. British banking company Barclays doubled its quarterly profit.