“At the same time, the calculation of inflation is growing in reality. For example, at a time of sharp decline in fuel prices, consumer consumption did not take into account that people reduced refueling to a minimum. Chief Economist BHS tpn Keek.
The European Central Bank faithfully published the economic first, in which it deals in detail with the growth of money. It is clear from the published data that the annual cash flow of M3 increased by 9.2 percent in June and by 10.2 percent in July. This is the most significant number since May 2008.
The data show that people and companies in Europe are more prominent. Pile a board and grow to spend to prepare for the horch as. As a result of this development, we are witnessing a sharp increase in money supply, which has also been supported by massive support measures. This was to provide sufficient liquidity in the economy to be monite to the coronavirus eye.
The European Central Bank believes that mass pensions occur for other reasons. The dispute may be involuntary, because in the coronavirus period, my complexity is suffered. For example, it is difficult to go on holiday and use services where there is a risk of infection. There is also an expense of buying clothes, because people limit their social life and work more often at home offices.
The key question is how money growth in Europe will affect the economy. Many people believe that this must necessarily lead to high inflation. Still, the economist claims that the link between money supply and inflation is not particularly strong today. Most of the supplementary accumulated pensions do not have to be spent on goods and services from ordinary consumers. For these pensions, assets such as shares can be purchased.
Ing. tpn Keek, MBA
In the position of chief economist at BH Securities as, he is responsible for creating macroeconomic and market analyzes. He also deals with communication with the public and the media. As a guest of television and radio programs, he often comments on the current economic day. He is currently one of the most cited Czech economists. He graduated from the Faculty of Economics at the University of Economics in Prague, where he teaches several subjects. On the expert side, he focuses on the analysis of the Czech economy, social systems and public budgets. He wrote a number of professional works on these topics. Rd sports, sports and listens to music.
BH Securities a.s.
BH Securities is a licensed trader in securities and only the Prague Stock Exchange. The company was founded in 1993, shortly after the establishment of the capital market in the Czech Republic.
Today, BHS is one of the most important non-bank securities dealers on the Czech capital market and provides individualized investment services without a change of name and approach for a continuous period of 25 years.
BHS offers a wide portfolio of investment services. In addition to trading on the capital markets, these are primarily assets and individual portfolios (asset management), funds of qualified investors, issues and trading in bonds, mutual funds and investment gold.
More information can be found at: www.investice.cz/ or to: www.bhs.cz.
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