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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: Prouza: Rate hike will be a problem for exporters, good news for customers. The Czech Republic's August foreign trade results disappointed analysts' expectations. Fixed.zone received the CNB's approval for a public offering of shares today. Industrial producer prices rose by 9.9 percent year-on-year in September, the most since 1993. IMF: Introducing cryptocurrencies as legal tender is unreasonable and risky. According to Rusnok, Schillerová's statement regarding the CNB's rate hike is incompetent. Inflation has accelerated significantly again, with tomatoes, for example, becoming 60 percent more expensive. Fuel prices in the Olomouc region have risen again since last week. Farmers: The strengthening of the koruna exchange rate will reduce EU subsidies in real terms. According to economists, inflation will exceed five percent by the end of the year and the Czech National Bank will further increase rates. Experts: Chip supplies for the automotive industry will not return to normal until next year. The state collected CZK 15 billion more in taxes at the end of September this year than a year ago. Gasoline and diesel are the most expensive in almost 7 years, according to analysts, the price will continue to rise. North Korea is looking for new solutions to food shortages, breeding black swans for food. Ten percent of the richest Americans own a record 89 percent of US stocks.

Stock exchanges: The price of aluminum has risen to USD 3,000 per ton for the first time in 13 years. Bloomberg: The world is at risk of another price shock, silicon has risen by 300 percent. A Duchcov-based producer of semi-finished metal products faces a shortage of material. The price of gold has risen to a monthly maximum after the weakening of the dollar and bond yields. Carmakers' chip problems are reducing the prices of platinum group metals. The world's largest diamond miner has warned that supplies will be limited for several years. Týnský Kovostroj expects record sales, interest in window profiles is huge.

Finance: A study found that only a handful of people and companies still hold the most bitcoins. Chinese developers are having trouble finding buyers for their billion-dollar assets. The Polish central bank surprisingly raised the base interest rate to half a percent. The British central bank did not change interest rates, but inflation is expected to rise. Interest in bonds for citizens in the 12th issue was record high, the state has launched a new issue. Three-quarters of Czechs do not believe in investments, the elderly have the most knowledge. Acquisition Capital claims can be filed until November 1. Gold has fallen in price by almost a tenth this year, oil, gas and coal have risen significantly. The Russian Central Bank has raised interest rates for the fifth time this year. The Hungarian Central Bank has raised the base interest rate to 1.65 percent. The Norwegian Central Bank has raised the base interest rate from zero to 0.25 percent. Precious metals are falling in price this year, industrial metals have risen in price by tens of percent. Gold and silver sales in the Czech Republic are growing significantly, at Golden Gate they rose by 22 percent. Moneta's net profit has increased by more than half to CZK 2.9 billion. British banking company Barclays doubled its quarterly profit. Goldman Sachs' quarterly profit has risen sharply, exceeding expectations. The Czech National Bank has no objections to ČSOB's intention to pay a dividend of CZK 4.1 billion this year. The head of the German central bank Jens Weidmann is resigning for personal reasons. Moody's: Islamic bond issuance will not grow this year for the first time in five years. G7 leaders approve principles for central bank digital currencies. Reuters: China's Evergrande misses bond interest payment deadline. Czech National Bank to no longer impose blanket restrictions on bank dividend payments. High oil prices push Russian sovereign wealth fund's assets to record high.