2 083,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Czech National Bank has cut its key interest rate to 6.25 percent, the koruna has weakened. The threat of an economic recession in the US has decreased, according to a survey of economists. The inflation rate in Hungary continues to fall rapidly, it was 3.8 percent in January. The Czech National Bank will discuss interest rates, analysts expect them to fall further. WSJ: Indonesia is trying to join the family of Asian economic tigers. The inflation rate in Turkey accelerated to 64.9 percent in January, a slowdown was expected. ČSSZ: The number of entrepreneurs in the Czech Republic increased by 23,000 last year to 1.127 million. Analysts: Last year's decline in construction production reflects the state of the Czech economy. Retail sales fell by 4.1 percent year-on-year last year. Most analysts expect the CNB interest rate to fall by half a percentage point. Bloomberg: Germany's days as an industrial superpower may be coming to an end. CMKOS continues to estimate 5 percent inflation for this year, according to it, price increases have not ended. The CNB will take into account the koruna exchange rate when further reducing rates. DIHK: The US will overtake China and be Germany's most important trading partner. Industry in the Czech Republic fell by 0.4 percent last year, which is the worst result since Covid. The inflation rate in Britain in January remained at four percent, growth was expected. Deloitte: The number of mergers and acquisitions in Europe and the UK fell by 24 percent last year. The inflation rate in Poland fell significantly in January, reaching 3.9 percent. Germany's economic problems are dragging down the economies of Eastern European countries. IMF: The Middle East economy is being held back by Israel's war with Hamas and lower oil production.

Stock exchanges: The price of gold fell below $2,000 per ounce for the first time in two months. The value of global emissions trading markets rose to a record last year. According to analysts, silver is set to have a successful year, with the price likely to rise to a 10-year high.

Finance: Austrian Erste Group, owner of Česká spořitelna, increased its profit by 39 percent last year. Coface: GDP in the Czech Republic will grow by 1.5 percent this year, average inflation will fall to 3.3 percent. Analysis by Portu: Banks are starting to take the CNB's rate cut into account in savings accounts. A boy with a genetic disorder returned to the Czech Republic after surgery in France. Survey: Two-thirds of Czechs regularly save money for retirement. Allianz Trade: The risk of companies being unable to repay their obligations decreased worldwide last year. Analysts: The interest rate cut will not have an immediate impact on the recovery of the real estate market. Italian banking group UniCredit increased its profit by almost 54 percent last year. Index: Mutual funds made money for investors in January, equity funds by two percent. Société Générale's net profit fell by 60 percent, but it exceeded estimates. JPMorgan Chase is planning one of the largest branch expansions in several years. Registries: Czech debt rose by 5.1 percent last year to CZK 3.31 trillion. Hypoindex: The average mortgage rate fell to 5.6 percent in early February. China reduced the reference rate for mortgages, wants to stimulate the real estate market. Last year, banks provided loans to companies for 688 billion CZK, 192 billion less year-on-year. The German and Dutch central banks had multi-billion losses last year. Analysts: The price of gold is heading for records this year, the reason is budget deficits. Swiss bank UBS reduced its quarterly loss, intends to resume buying back its shares. IIF: Global debt rose to a record 313 trillion dollars last year. Billionaire Buffett's Berkshire Hathaway achieved a record net profit. The profit of the largest European banks exceeded 100 billion euros for the first time last year. Generation Z, desperate about their economic prospects, is spending on luxury.