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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: Powell: Fed will not let US economy slip into higher inflation regime. OECD: Global corporate tax change could be in effect from 2024. Slovak central bank worsens economic growth forecast, expects higher inflation. Analysis: 91 percent of companies did not publish financial statements for last year on time. Czech household debts to banks rose by 16.7 billion to 2.084 trillion CZK in May. Courts declared 341 company bankruptcies this year, 41 fewer than a year ago. The anniversary of Tomáš Bata's death will be commemorated in Zlín with exhibitions and Bata publications. The Norwegian central bank surprisingly raised the base interest rate to 1.25 percent. The Hungarian central bank unexpectedly raised the base interest rate to 7.75 percent. Manufacturers: Battery and hydrogen trains are the future on non-electrified lines. The Polish central bank raised the base interest rate to six percent. Drink less tea, the Pakistani government, which is dealing with the economic crisis, urged citizens. The president will appoint new members of the bank board today, the names have not yet been published. May inflation was 1.1 percentage points higher than the CNB estimated. The CNB board may, according to estimates, increase the base interest rate to up to seven percent. About 3,000 stores have already gone bankrupt in Poland this year, the most in five years. Sri Lanka will give state employees an extra day off so they can grow food. The Czech Republic's foreign debt rose to 4.665 trillion crowns in the first quarter. The G7 summit stood by Ukraine and is preparing further anti-Russian sanctions. Komerční banka was fined CZK 7.5 million by the Czech National Bank for violating mortgage rules. UN: Rising living costs are pushing millions of people into extreme poverty. The new Czech National Bank Board met for the first time and divided its powers. Inflation in the US unexpectedly accelerated to 8.6 percent in May, the highest since 1981. A company from Kyjov in the Hodonín region produces biodegradable material from waste and mycelium. Prognos: Interruption of Russian gas supplies would plunge the German economy into recession. Older banknotes expired today, they can be exchanged. In the new programming period, the Liberec region wants CZK 1.2 billion in subsidies for events. The ECB will end asset purchases at the end of June, leaving the base interest rate at zero for now. BBC: A gathering of the Russian elite is taking place in St. Petersburg against the backdrop of the war against Ukraine. CNB: Household deposits in banks increased slightly by CZK 3.5 billion in May. ECB wants to favor green companies when purchasing corporate bonds. Germany reported a foreign trade deficit for the first time since 1991 in May. CNB is examining the Ministry of Finance's announcement of a proposal to pay a higher dividend for CEZ shares. Study: Britain is becoming a more closed economy due to Brexit. The koruna strengthened slightly today after the appointment of three new members of the CNB Bank Board. CNB: Qubix Investment is not licensed to provide investment services in the Czech Republic. Colombian and Venezuelan entrepreneurs are preparing to open the border. The Chinese economy fell by 2.6 percent in the second quarter, more than expected.

Stock exchanges: Analyst: The price of gold in dollar terms is at this year's minimum.

Finance: The Financial Stability Board will propose global rules for regulating cryptocurrencies. The number of dollar millionaires in the Czech Republic increased by 6.9 percent last year to 32,200. List News: Tykač has the consent of the Czech National Bank to increase his stake in Moneta to 20 percent. Crypto-credit company Celsius has filed for bankruptcy protection from creditors. Šmejc: As head of the PPF group, I am more willing to connect with partners in transactions. Deutsche Bank will stop issuing cash over the counter in most branches.