印度央行行长：拟议的贷款利率规则旨在整合各监管机构的规定。

Singapore seasonally adjusted retail sales rose 1.0% MoM in June; May's -2.30% revised to -2.2%.

TIMIRAOS reports US Treasury Secretary BESSENT’s policy reaction function has moved away from being plainly dovish. His comments this year imply the Fed should keep rates unchanged; earlier he cited models suggesting the policy rate could be about 25–100bps above neutral. On Aug. 4 BESSENT made two points: he defended Fed chair Walsh’s decision last week not to specify a policy reaction function to preserve optionality, and he also outlined a more dovish reaction function that urges ignoring recent shocks—asking what higher short-term rates will achieve and noting underlying inflation (core ex-energy) is very muted and stable, a pattern he expects to persist.