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SNB maintains key rate at -0.75%

The Swiss National Bank (SNB) board members left the monetary policy settings unchanged at its September quarter monetary policy assessment this Thursday The SNB left the benchmark sight deposit rate unchanged at -0.75%. The central bank maintained the 3-Month Libor Target Range steady between -1.25% to -0.25%, as widely expected. …

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US Housing Price Index Up 0.1% in July

The Housing Price Index (HPI) in the US rose 1% in July, the Federal Housing Finance Agency’s (FHFA) monthly report showed on Wednesday. This reading matched June’s reading (revised from 0.9%) and came in higher than the market expectation of 0.5%. Earlier in the day, the Mortgage Bankers Association (MBA) …

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