54 900,00 USD

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

Economy: The British central bank has raised the base interest rate, the economy is expected to decline next year. Oman and the Czech Republic have started negotiations on the supply of liquefied natural gas. The Fed has raised the base interest rate by half a percentage point, the most in 22 years. Wednesday: The threat of stagflation, high inflation and low growth, has increased even more. Analysts: Higher rates will quickly make mortgages more expensive, deposit interest rates will rise later. Analysts: Up to tens of percent of applicants will not get a mortgage after the tightening of conditions. According to Buffett, the best protection against inflation is to be exceptionally good at something. Survey: Almost three-quarters of companies will feel the negative impact of the war in Ukraine. Inflation in Turkey exceeded 60 percent in March, the highest in 20 years. Czech household debts to banks rose to CZK 2.087 trillion in March. Stanjura: Polish proposal to completely ban trade with Russia is unrealistic. The head of the Budget Council Zamrazilová is also a member of the pension reform group. Analysts: Polish proposal to ban trade with Russia in the EU will have a hard time passing. Older banknotes will expire at the end of June, and an exchange will be possible afterwards. The Czech National Bank has issued a commemorative 100-crown banknote with a portrait of the national economist Engliš. The Sri Lankan stock exchange will remain closed next week. The Czech National Bank has legally revoked the banking license of Sberbank CZ. Export growth from China slowed sharply in April due to Covid-19. China will reduce the requirement for mandatory minimum reserves for banks to support growth. The Czech National Bank has imposed a fine of CZK 2.5 million on the credit company Acema Credit Czech. Fed officials are considering reducing the balance sheet by $95 billion a month. GfK: Consumer sentiment in Germany is deteriorating due to the war in Ukraine. The US and allies are also targeting Russian supply chains, a member of the US government said. Morawiecki: Poland proposes a complete ban on trade with Russia. Bag-making industry sews bulletproof vests instead of bags and belts during wartime. Inflation in the EU has reached a record 7.8 percent, the Czech Republic has the third highest. List News: Aleš Michl is to be the new governor of the Czech National Bank after Rusnok. The US economy has surprisingly fallen, but domestic demand is high. S&P has upgraded Greece's rating, the country is one notch away from investment grade. Study: 81 corporate bankruptcies declared in March, the most since May 2019. ECB warns cryptocurrency companies against circumventing anti-Russian sanctions.

Stock exchanges: Gold price rises to monthly high near $2,000 per ounce. Silver demand rose last year to its highest level since 2015 and will continue to grow this year. Volkswagen China to form joint ventures to secure nickel and cobalt.

Finance: Experts: PPF is slowly leaving eastern markets a year after founder Kellner's death. Biden proposes to increase defense spending, asks for almost $700 million for Ukraine. Regulators investigate use of crypto assets during war in Ukraine. Mastercard and Nexo to jointly issue first cryptocurrency-backed payment card. IFIS fund begins buying up receivables from Czech Sberbank. The Kazakh Central Bank responded to reports of issuing payment cards to Russians. The IMF approved a new loan agreement with Argentina worth $ 44 billion. Analysis: The mortgage boom in the Czech Republic will end this year, a third of applicants will not be able to get a loan. Raiffeisenbank announced that it is the first bank in the Czech Republic to accept Ukrainian hryvnias. Former CNB Governor Tůma became a member of the Association of World Central Bankers. Analysts: Gold has risen in price by six percent this year, silver by seven percent.