In order to stabilize the financial market, the European Central Bank finally chose to let go to take measures. At the press conference after the recent ECB monetary policy meeting, ECB President Draghi announced that he would implement a bond purchase plan for direct currency transactions. The ECB will purchase unlimited sterilized bonds to stabilize the government bond market. The bond maturities are mainly locked in short-term government bonds of 1-year, including 1-year government bonds with maturity in 2018. No clear time point was given and the ECB stated that it had not set a clear upper limit on yields. At the previous ECB monetary policy meeting, Draghi announced that in order to help countries at the core of the crisis lower government bond yields and reduce financing pressures, the ECB plans to purchase the bonds of the corresponding countries.
< < At the recent European Central Bank monetary policy meeting, the European Central Bank announced that it would keep its benchmark interest rate unchanged at . Loans can better solve the problems faced by the Spanish banking industry.
< < European stock markets rose rapidly after Draghi announced the purchase of government bonds. The gold and silver markets surged strongly.
< < Nouriel Roubini, an American economist known as Dr. Doom, recently stated at the Ambrosetti Economic Forum in Italy that the ECB's recently announced government bond purchase plan is likely to mark the European debt crisis. The euro zone has begun to bottom out, but the euro zone still has a long way to go to recover from the crisis. Some member countries will need years or even longer to recover.
< < After watching Europe, look at the United States. The non-farm payrolls report released by the U.S. Department of Labor on the same day showed that the U.S. monthly unemployment rate fell to .% from .% in the previous month, which was better than market expectations. However, the decline in the unemployment rate is mainly due to the fact that 10,000 workers gave up looking for work in the month and were removed from the statistics. It does not mean that the job market has truly improved. So far, the U.S. unemployment rate has remained at a high level above % for more than three years, marking the longest cycle since the Great Depression of the 1930s.
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