The Day Today 19 Feb 2015

* ECB give Greece an extra 3.3bn EUR in ELA, to be reviewed in 2 weeks

* Fed Minutes: prefer to keep rates lower for longer (Hilsenrath), and dollar strength “expected to be a persistent source of restraint” on exports
* They also discussed looking at “trimmed mean measures of inflation” as deflation has been focused on a “narrow range of items in households’ consumption basket”

* US Economic surprise index at its lowest for 2 yrs

* Japan’s LDP finance panel chief Shibayama: “I don’t think the reflationary policies are bad, but we’re in a tight spot right now with nationwide local elections just two months away”

* S&P warns Australia’s AAA rating under pressure, due to commodity price fall

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