The European Central Bank will slow down its pandemic emergency debt purchase plan, which shows that it agrees that the economic recovery in the euro zone can withstand the contraction of policy support. According to a statement issued by the European Central Bank on Thursday, the bank’s management committee decided to make purchases at a rate of “slightly lower” of approximately 80 billion euros ($95 billion) per month in the past two quarters. Officials also reiterated that the 1.85 trillion euro plan will last at least until March 2022 and will be extended if necessary. This implies that they are not yet ready to discuss how and when to end the emergency stimulus plan.

Dallas Federal Reserve President Robert Kaplan said: "This imbalance between labor supply and demand will continue for a longer period of time, so I think there may be some expansion in price pressures into next year." "We may see moderate prices for used cars, but based on us We feel at the Dallas Fed that the price pressure may be expanding," he said at a virtual event, and reiterated that the PCE price index is expected to rise by 2.6% in 2022, and there is a risk of upward adjustment.

Charles Evans, President of the Federal Reserve Bank of Chicago, said. "After a severe and sharp decline in economic activity last year, we have seen strong economic growth. However, the general bottleneck of the supply chain and labor market proves that the economy is still facing challenges."

U.S. Treasury Secretary Yellen told U.S. financial regulators on Thursday that if Congress fails to resolve the debt ceiling issue, it may have "an impact on financial stability." The U.S. Treasury Department said in a statement that the impact of failing to raise the debt ceiling “on time” was one of the issues raised at a private meeting of the Financial Stability Supervisory Board. Yellen called on Congress to take action and warned that the debt ceiling may be reached sometime next month.

For the first time, the Bank of Canada issued forward-looking guidance on how its final plan to reduce monetary stimulus, saying it would raise interest rates first and then reduce its holdings of national debt. President Tiff Macklem elaborated on the details of the so-called "monetary policy during economic recovery" in a speech on Thursday. He reiterated that the central bank intends to reduce the rate of bond purchases to a roughly neutral level, that is, bond holdings and stimulus levels remain stable, and will only start to withdraw unconventional stimulus measures after maintaining this state for "a period of time".

According to people familiar with the matter, Saudi Aramco is considering a bold move to open one of the world's largest unconventional natural gas fields to overseas investors, so as to raise funds for this $110 billion project and help it achieve income diversification. People familiar with the matter said that the state-owned oil producer is working with a consulting company to discuss the introduction of new equity or debt investments for its huge Jafurah gas field, and has begun to engage with potential investors including large commodity traders. Initial negotiations.

China has unprecedentedly intervened in the global oil market, releasing crude oil from its strategic reserves for the first time, and its goal is clearly directed towards lowering oil prices. China's investment in national oil reserves coincides with the soaring domestic energy costs. Not only oil, coal and natural gas prices have also risen sharply, and power shortages in some provinces have caused some factories to cut production. Inflation is also rising rapidly, becoming a political headache for the Chinese government.

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