European Central Bank President Lagarde said that the central bank has learned lessons from past crises and will not withdraw emergency support measures prematurely so as not to undermine the current momentum of economic recovery. Lagarde made the speech at a press conference held after the conclusion of the European Central Bank's policy meeting on Thursday. The European Central Bank is implementing a new monetary policy strategy developed over 18 months, revised its forward-looking guidance on interest rates, and more closely linked policy adjustments to the achievement of the new 2% inflation target. It also stated that if the price growth rate is within a “short-term” period Exceeding the target may not necessarily respond immediately.

European Central Bank President Lagarde said that the management committee unanimously approved the strategic assessment, and the divergence on the new forward-looking guidance lies in "practical issues." “We had very friendly, open, and substantive discussions around these issues-the management committee reached a consensus on this,” she said at a press conference. "Our framework has been unanimously approved by all members of the management committee, and everyone agrees that we must review the forward-looking guidelines." She said that there are slight disagreements around the calibration of forward guidance and the timing of some aspects.

Last week, the number of first-time jobless claims in the United States unexpectedly recorded the largest increase since late March, highlighting that although the job market is improving, the weekly data fluctuates sharply. Data released by the US Department of Labor on Thursday showed that in the week ending July 17, the number of people applying for unemployment benefits for the first time totaled 419,000, an increase of 51,000 from the previous week. Bloomberg's previous survey of economists yielded a median forecast of 350,000.

Second-hand housing sales in the United States increased for the first time in five months in June, due to a slight improvement in housing inventory, which shows strong housing demand. According to data released by the National Association of Realtors (NAR) on Thursday, second-hand housing sales rose 1.4% to 5.86 million units in June, with a median of 5.9 million units estimated by economists surveyed by Bloomberg.

Ben Broadbent, Deputy Governor of the Bank of England, stated in his speech that the recent increase in inflation is likely to be temporary. It is not certain that commodity price inflation will continue. The current appropriate response to rising prices is likely to be nothing. Timber prices are two-thirds lower than the May peak, indicating that the spring year-on-year inflation rate may be negative. Labor costs will be an important indicator of price trends. Retail price inflation may rise further in the short term.

Australian Trade Minister Dan Tehan said that the US digital trade agreement plan covering the Indo-Pacific economies may be a step forward for Washington to rejoin the regional trade agreement that former President Trump retired in 2017. Bloomberg reported on July 13 that the details of the potential digital agreement are still being drafted, but the agreement may include Australia, Canada, Chile, Japan, Malaysia, New Zealand, and Singapore.

Intel, the world's largest semiconductor manufacturer, has given a bleak third-quarter sales forecast, indicating that its data center business continues to lose market share despite increased competition. The company announced on Thursday that it expects sales for the third quarter to be approximately US$18.2 billion. The average analyst forecast is $18.3 billion. The company expects that the adjusted gross profit margin, which measures profitability, will be approximately 55%, and earnings per share will be $1.10.

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