The Swiss National Bank is keeping the SNB policy rate and interest on sight deposits at the SNB at −0.75%. It remains willing to intervene in the foreign exchange market as necessary, while taking the overall currency situation into consideration. Furthermore, the National Bank is adjusting the basis for calculating negative interest on sight deposits at the SNB. The expansionary monetary policy continues to be necessary given the latest international developments and the inflation outlook in Switzerland. The situation on the foreign exchange market is still fragile, and the Swiss franc has appreciated in trade-weighted terms. It remains highly valued. Negative interest and the willingness to intervene are important in order to counteract the attractiveness of Swiss franc investments and thus ease pressure on the currency. In this way, the SNB stabilises price developments and supports economic activity. The SNB is adjusting the basis for calculating negative interest as follows. Negative interest will continue to be charged on the portion of banks’ sight deposits which exceeds a certain exemption threshold. However, this exemption threshold will now be updated monthly and thereby reflect developments in banks’ balance sheets over time. This adjustment to the calculation basis takes account of the fact that the low interest rate environment around the tweet at 3:34am: SNB: THE NATIONAL BANK IS ADJUSTING THE BASIS FOR CALCULATING NEGATIVE INTEREST ON SIGHT DEPOSITS AT THE SNB -REMAINS WILLING TO INTERVENE IN THE FOREIGN EXCHANGE MARKET AS NECESSARY, WHILE TAKING THE OVERALL CURRENCY SITUATION INTO CONSIDERATION. tweet at 3:35am: #SNB Keeps ready to intervene in the #FX markets. Imbalances persist on the mortgage and real estate mkts. Sees 2019 growth at 0.5 to 1.% vs June 1.5% forecast. Sees 2019 #CPI at 0.4%(0.6% prior), 2020 at 0.2% (0.7 prior), 2021 at 0.6% (from 1.1% prior). tweet at 3:34am: SNB surprise: adjusting the exemption threshold for negative rate, to be updated monthly, "taking into account the fact that the low interest rate environment around the world has recently become more entrenched and could persist for some time yet". https://t.co/B10NNVXZWI https://t.co/vVOd09ndtF

tweet at 10:50pm: Bank of Japan leaves forward guidance for policy rates unchanged. To review the economy, prices at the next meeting -BBG tweet at 10:53pm: - BoJ Keeps Mon Pol Steady - Maintains Short-Term Interest Rate Target At -0.1% - Maintains 10Yr JGB Yield Target Around 0% - Leaves Unchanged Forward Guidance On Interest Rates, Will Keep Current Extremely Low Rates For Extended Period Of Time, At Least Through Spring 2020 tweet at 10:54pm: - BoJ: Paying Closer Attention To Risk Of Losing 2% Goal Momentum - Won't Hesitate To Add Stimulus If Risks Rise - To Review Economy, Prices At Next Meeting tweet at 10:54pm: - BoJ: Paying Closer Attention To Risk Of Losing 2% Goal Momentum - Won't Hesitate To Add Stimulus If Risks Rise - To Review Economy, Prices At Next MeetingStatement on Monetary Policy At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided upon the following. (1) Yield curve control The Bank decided, by an 7-2 majority vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero percent. While doing so, the yields may move upward

tweet at 2:50am: BoJ Governor Kuroda: We Still Have Options For Further Easing tweet at 2:53am: #BOJ #Kuroda (goes on for another hour) : Better for #yield curve to steepen more.: BOJ has more room to manoeuvre than ECB.Will conduct operations fro appropriate yield curve.Has become more eager to ease than at prior rate review.Nicely preparing the terrain. $JPY tweet at 2:54am: BOJ GOVERNOR KURODA: A STEEPER YIELD CURVE IS DESIRABLE tweet at 2:55am: #BOJ KURODA: MORE INCLINED TOWARD EASING NOW THAN AT LAST MEETING - BBG

Australia's trend unemployment rate increased in August 2019 to 5.3 per cent, from a revised July 2019 figure, according to the latest information released by the Australian Bureau of Statistics (ABS). ABS Chief Economist Bruce Hockman said: "Australia's trend unemployment rate increased to 5.3 per cent in August 2019. The trend participation rate increased further to 66.2 per cent, while employment continued to grow above the 20 year annual average." Employment and hours In August 2019, trend monthly employment increased by around 22,000 people. Full-time employment increased by just over 7,000 people and part-time employment increased by an estimated 15,000 people. Over the past year, trend employment increased by 0.3 million people (2.5 per cent) which was above the average annual growth over the past 20 years (2.0 per cent). Full-time employment increased by 2.4 per cent and part-time employment increased by 2.8 per cent over the past year. The trend monthly hours worked increased by 0.1 per cent in August 2019 and by 1.7 per cent over the past year. This is in line with the 20 year average year-on-year growth of 1.7 per cent. Underemployment and underutilisation tweet at 9:31pm: - Australia Employment (Aug): 34.7K (est 10K, prev 41.1K) - Australia Unemployment Rate (Aug): 5.3% (est 5.3%, prev 5.2%) - Australia Participation Rate (Aug): 66.2% (est 66.1%, prev 66.1%) - Australia Full Time Employment (Aug): -15.5K (prev 34.5k)