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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 US economy has surprisingly declined, but domestic demand is high. Older banknotes will expire at the end of June, and exchange will be possible afterwards. Rusnok: The Czech National Bank Council is ready to continue raising rates, price stability is the priority. Fitch Ratings confirmed Slovakia's credit rating at A. Britain imposed sanctions on Russian military officials, including the commander from Buč. NYT: Sri Lanka's economy has hit rock bottom, the president is under pressure. The Sri Lankan stock exchange will remain closed next week. Consulting firm Dun & Bradstreet downgraded the Czech Republic and worsened the outlook. Growth in business activity in the eurozone was stronger than expected in March. Survey: Almost three-quarters of companies will feel the negative impact of the war in Ukraine. The Czech Republic's foreign debt increased by 150.3 billion to 4.47 trillion crowns last year. Morawiecki: Poland proposes a complete ban on trade with Russia. Fed officials are considering reducing the balance sheet by 95 billion dollars per month. ZEW: Investor confidence in the German economy has decreased less than expected. GfK: Consumer sentiment in Germany is deteriorating due to the war in Ukraine. Bloomberg: Half of the 20 richest Russians do not face sanctions, four of the top five. Business sentiment in Germany has stabilized after the March slump. ECB warns cryptocurrency companies against circumventing anti-Russian sanctions. Analyst: The market expects the CNB rate to increase to five percent, the koruna's reaction will not be strong. Oman and the Czech Republic have started negotiations on supplies of liquefied natural gas. Stanjura: Companies could keep accounting and tax records in euros from January 2024. The Hungarian Central Bank surprisingly raised the base interest rate to 4.40 percent. Stredula: The threat of stagflation, high inflation and low growth, has increased even more. The Czech National Bank Council raised the base interest rate to five percent, the highest since 2001. Standjura: The Polish proposal to completely ban trade with Russia is unrealistic. The Russian Central Bank has lowered the base interest rate and indicated further reductions. Olomouc scientists have developed a nanomaterial that will help reduce energy costs. The ECB confirmed plans to end asset purchases in the third quarter.

Stock exchanges: Demand for silver rose last year to the highest level since 2015 and will continue to grow this year. Analysts: Food and industrial raw materials have increased in price by tens of percent this year. Coronavirus has deprived Jablonec glass and jewelry manufacturers of half of their sales.

Finance: Bloomberg: The EU is considering supporting Ukraine from the assets of sanctioned Russians. Experts: PPF is slowly leaving eastern markets a year after the death of founder Kellner. The number of Czechs who established a trust fund increased by 40 percent last year. Orbán asks for the release of money from the EU recovery fund, arguing with the Ukrainian crisis. The Kazakh Central Bank responded to reports about issuing payment cards to Russians. Mastercard and Nexo will jointly issue the first payment card backed by cryptocurrencies. The IMF approved a new loan agreement with Argentina worth $44 billion. Household deposits in banks fell by CZK 26 billion month-on-month in March. Analysis: Mortgage boom in the Czech Republic ends this year, one third of applicants will not be able to get a loan. Index: The average Czech investor in funds lost almost five percent this year. S&P agency has lowered Russia's rating deeper into the junk zone. RTR: Some creditors have received interest payments on Russia's dollar bonds. CBA: The volume of mortgages in March fell by half to CZK 30.3 billion, rates have risen. Raiffeisenbank announced that it is the first bank in the Czech Republic to accept Ukrainian hryvnias.