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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: Bruegel: Disruption of Russian gas supplies would have serious impacts on the EU economy. The Czech National Bank Council raised the base interest rate to 4.5 percent, the highest since 2002. The IMF called on El Salvador to refrain from introducing bitcoin as legal tender. According to economists, inflation in January could have exceeded the ten percent mark. The Czech National Bank Council raised the base interest rate to 4.5 percent, the highest since 2002. The US House of Representatives approved a proposal to strengthen the country's competitiveness. The Slovak government has proposed a special tax on profits from the sale of nuclear electricity. The number and value of banknotes and coins in circulation increased last year. The Czech National Bank will issue a silver coin to mark the 150th anniversary of the birth of architect Jože Plečnik. Inflation rose to 6.6 percent in December, and will continue to rise to 10 percent. The German economy returned to growth last year, with GDP increasing by 2.7 percent. The unemployment rate in Britain surprisingly fell to 4.1 percent in November. The crown temporarily strengthened to 24.10 CZK/EUR, the last time it was stronger was in 2011. Association: Emission allowances could pay for the Czech Republic's green transformation. According to Prime Minister Bennett, Israel has become a superpower in cyber defense. The world must release frozen funds to famine-stricken Afghanistan, said Guterres. The Hradecká police have charged four people and seven companies with tax evasion worth 44 million CZK. Analysts: The CNB's base interest rate is already approaching its peak. The US trade deficit in goods exceeded one trillion last year for the first time. The Czech National Bank does not rule out inflation above 10 percent at the beginning of this year. The Exporters' Association warns against raising CNB rates, saying it is losing hundreds of billions. Rusnok: If the estimates come true, there will be no need for further significant rate increases. Inflation in Slovakia rose to 5.8 percent in December, the highest in 17 years.

Stock exchanges: French EDF shares fell sharply, the government is demanding cheap nuclear energy from rivals. The price of aluminum rose today to its highest level since 2008. Sotheby's showed a rare 555-carat black diamond, it will be offered at auction in February.

Finance: NATO chief Jens Stoltenberg will be the new head of the Norwegian central bank. China has cut the base interest rate to 3.7 percent, it wants to support the economy. The head of Credit Suisse resigned due to violations of Covid rules. Citizens' deposits in banks increased by 197.6 billion to 3.02 trillion crowns last year. The Danish pension fund will sell a stake in Wizz Air due to disagreements. NATO chief Jens Stoltenberg will be the new head of the Norwegian central bank. The American bank Goldman Sachs increased its profit and revenues to a record last year. The Fed has indicated that it plans to start raising the base interest rate in March. Reuters: Křetínský will probably sell his stake in Aareal bank. The largest Swiss bank UBS has the highest profit in 15 years last year. The BBC, financed only by commerce, would not provide the same services, its boss warns. Index: Commodity and equity funds made a profit in January, while bonds lost. The Hungarian central bank raised the base interest rate the most in a decade. Brussels has extended the activities of British clearing houses in the EU by three years. Russia returns to the government bond market, securing almost a billion dollars. Portal: Czechs have twice as much gold at home as there is in the CNB's safes. Developers: Higher mortgage interest rates will not affect speculative buyers. Analysts: Gold, silver and copper fell slightly in January, oil rose significantly. Portu analysis: Banks are slowly increasing deposit interest rates in response to the CNB's rate hike.