European Central Bank expects to keep monetary policy unchanged
Last night the ECB interest rate meeting, after the meeting, the ECB kept all monetary policy unchanged as expected. The market expects the ECB to do so, believing that the ECB is forcing EU member states to pass the 750 billion euros rescue plan proposed by the four EU member states led by Germany, France, Italy and West as soon as possible. As for this plan, it will be discussed at the EU conference today and tomorrow
Despite the substantial increase of 210,800 jobs in Australia, the unemployment rate still climbed to a 22-year high
Benefiting from the economic restart, Australia significantly increased 210,800 jobs in June. However, its unemployment rate in June still climbed to a 22-year high of 7.4%. This happens because the number of new posts is not enough to offset the number of job seekers. As Melbourne, Australia’s second largest city, enters July and is closed again, it is expected that the Australian employment situation in July will have a chance to deteriorate again.
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