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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: Industrial developer CTP sold green bonds for 25.5 billion crowns. Analysts: July inflation supports the scenario of further CNB rate hikes. The European Central Bank has taken the first step towards launching a digital euro. Mikov has managed to withdraw a fake copy of the fish knife from two manufacturers. Analysts: July inflation supports the scenario of further CNB rate hikes. According to analysts, inflation in the summer will remain around three percent, the uncertainty is the easing. The Czech Republic's foreign trade in May ended in a surplus of 6.3 billion crowns. A cement plant near Lovosice is testing lithium extraction technology. Consumer prices rose by 3.4 percent year-on-year in July, the most in a year. The Moser glassworks is again producing film globes, has a new store and exhibition. Quarantine in Chinese port caused a domino effect in global trade. El Salvador is the first country to adopt bitcoin as a national currency. Rusnok: Latest inflation data does not mean a change for the CNB's monetary policy. Prices in Czech industry accelerated growth to 5.1 percent in May. The CNB will end the validity of older banknote designs from 1995 to 1999 in a year.

Stock exchanges: Reuters: Carmakers are looking for a replacement for magnets made of rare earth metals. American manufacturer of electric motors without rare metals received $225 million. CZSO: Prices of raw materials and mineral fuels rose by tens of percent year-on-year in April. Aluminum price is the highest in a decade due to concerns about supplies from China. Mining company backed by Bezos and Gates will search for metals in Greenland. The world's third-largest diamond was probably mined in Botswana.

Finance: Tykač's Belviport increased its stake in Moneta Money Bank to over three percent. Index: The average Czech investor in funds earned 5.5 percent this year. Banks will pay more into reserves to protect the credit market. Industrial metals rose in price by up to a quarter in the first half of the year, gold and silver fell in price. Entrepreneurs received CZK 60.7 billion from COVID guarantee programs as of June 30. Almost a fifth of Czechs pay with their mobile phones, but they do not want to give up cash. The British central bank has not changed its monetary policy, but warns of higher inflation. ČSOB Pojišťovna achieved a record profit after tax of CZK 1.437 billion last year. The largest banks have announced an increase in mortgage loan rates. The Forgotten Billions service found money from the coupon privatization era of 17,000 people. The US central bank left interest rates unchanged, is considering limiting support. PPF wants to acquire 100 percent of the operator O2, now controls 83.58 pct.. The Japanese central bank has also submitted a climate support program. European Commissioner Gentiloni warned against tightening monetary policy too soon. Sales of gold bars and coins were the highest this year since 2013. The US central bank left monetary policy unchanged. The volume of bank loans fell by 56 billion to 6.515 trillion CZK in April. Deposits of Czech companies exceeded loans by 115 billion CZK in July. The British central bank did not change monetary policy despite inflation. Tkáč will make joint investments with Křetínský in the new J&T Capital Partners. Gold and silver have fallen by six percent this year, but technical metals are rising in price. ECB: Eurozone residents stocked up on cash during the pandemic. Arca Group company disagrees with the dismissal of insolvency administrator Louda. Revolut applied for a specialized European banking license in the Czech Republic today.