The Day Today

"The (Labor) Day Today" - 1 Sept 2014

* SNB girding their loins for action – President Jordan gives interview at weekend that ensuring the cap holds is “absolutely central to ensure adequate montary conditions”. Regarding lifting the floor to 1.25 EUR he repeated that they’re not in the business of “fine tuning”,

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"The Day Today" - 29 August 2014

EONIA went negative for the first time yesterday – can Draghi win the argument for more action when the effects of the previous set 3 months ago are still being felt?

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"The Day Today" - 28 August 2014

* ‘European Central Bank is unlikely to take new policy action next week unless August inflation figures, due on Friday, show the euro zone sinking significantly toward deflation, ECB sources said’

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"The Day Today" - 27 August 2014

* US Labor Dept biennial survey shows just what the central bankers have been getting their knickers in a twist about – namely that the job market is improving but the jobs people are getting aren’t pushing wages higher and aren’t exactly what they want:

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