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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: The Japanese central bank has not changed interest rates, it is promoting a loose monetary policy. Matovič: EU finance ministers agreed today on a 5 billion CZK loan for Ukraine. Analysts: August's increase in unemployment signals an approaching recession. The Swedish central bank has increased the main interest rate the most since 1992. The Swiss central bank has ended the era of negative interest rates in Europe. Foreign investors hold 27.1 percent of Czech government bonds. Foxconn CZ ended last year with a loss of 282 million CZK, sales fell to 78 billion CZK. Survey: Unavailability of raw materials affects 70 percent of Czech companies. The Ministry of Finance proposes a 60 percent tax on extraordinary profits for banks, refineries and miners. Vinyl producer GZ Media is considering moving part of its production outside the Czech Republic due to energy. The banking association is offering up to 50 billion CZK instead of a tax to support the economy. The British finance minister promises that he will be able to restore the confidence of financial markets. Three Americans have won the Nobel Prize in Economics for their research on banks and financial crises. Analyst: The Czech National Bank increased support for the crown to 246 billion CZK in July. Millions of Britons are looking for a second job due to the rising cost of living. Czech household debts to banks increased by 8.5 billion CZK in August to 2.12 trillion CZK. Analysts: The European Central Bank's rate hike will increase pressure on the crown. The Australian central bank raised interest rates to a nine-year high of 2.60 percent. Central Bank: Banknotes with the Queen's image remain legal tender. IMF again worsens global economic growth outlook for next year. Inflation rose to 18 percent in September, and according to the Czech National Bank and analysts, it is nearing its peak. The Bank of England raised interest rates despite the expected economic recession. The Bank of England is starting temporarily unlimited purchases of government bonds. Stanjura: Despite the pandemic and the effects of war, fiscal discipline cannot be neglected. Eurometaux: The energy crisis is an existential threat to metal production in Europe. The company of the year in the Karlovy Vary region is a wig seller, the sole proprietor is a violin maker. Eurochambres: The energy crisis must also be addressed by capping energy prices. King Charles III. will appear on British banknotes by mid-2024. The leader of the Italian League party wants 30 billion euros for companies due to expensive energy. The Fed raised the base rate as expected, the rate is the highest since 2008. The Czech National Bank issues a silver commemorative coin with the Zátopek couple. Truss defended the economic plan, which caused the British pound to weaken sharply. Analyst: The Czech National Bank supported the koruna exchange rate by 59 billion CZK in August, less than in July. The Czech National Bank Council left the credit market protection rate unchanged today. The Hungarian Central Bank raised the interest rate to 13 percent, surprisingly significantly.

Stock exchanges: Expert: The price of gold fell sharply this week to an almost 2.5-year low. Bruegel: European governments have allocated 500 billion euros to help energy consumers.

Finance: Sberbank administrator will negotiate loan sales exclusively with Česká spořitelna. Comparator: Almost a third of bonds on the Czech market are risky. Moscow court accepts bankruptcy declaration by Google's Russian division. US establishes fund to help Afghans, money will be transferred from frozen accounts. MF: European MPs confirm final version of regulation on cryptocurrency regulation. Lebanese woman fined and banned from traveling for bank robbery. Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Association: Savings popularity fell sharply in the third quarter.