PBOC expands the scope of Pledged Supplementary Lending (PSL) to include construction of six networks — water networks, new-type power grids, computing power networks, next‑generation communications networks, urban underground pipe networks and logistics networks — and will guide policy banks to step up financing for these projects to help expand effective investment and deepen domestic demand.

Press TV reported Iran on Monday flatly denied Saudi outlet Hadath’s claims that Tehran had shown flexibility on its nuclear stance, calling the reports false and part of ongoing psychological warfare. In a Monday evening interview an Iranian official said the US is trapped in the Strait of Hormuz and is using the nuclear issue to divert attention, and that Iran’s position has not changed and there are currently no discussions on the nuclear issue. Press TV said Hadath and related media repeatedly published unverified claims that Iran made concessions on uranium enrichment, nuclear material stockpiles or inspections. Iranian media have described such reports as disinformation and US psychological operations rather than originating from genuine Iranian sources. Parliament speaker Ghalibaf and other senior officials have said Iran’s nuclear rights and missile capabilities are not negotiable.

UK August M4 money supply +0.4% MoM; July revised -0.3%.