Bundesbank does not expect the Iran war to trigger second-round wage effects.

On Aug 20, six Shanghai agencies — the Municipal Commission of Housing and Urban‑Rural Development, Municipal Housing Administration Bureau, Municipal Finance Bureau, PBOC Shanghai branch, Shanghai Financial Regulatory Bureau and Municipal Housing Provident Fund Center — issued a notice effective Aug 21, 2026 to expand use of housing vouchers. The notice adds a housing‑voucher option to compensation and resettlement for land expropriation and demolition, prioritizes urban‑village redevelopment and old‑city reconstruction projects, and instructs authorities to reconcile existing compensation standards and offer multiple resettlement options to meet residents’ diversified needs.

Ukrainian President Zelenskiy on the 19th signed a decree dismissing deputy head of the presidential office Iryna Mudra; the presidential website gave no reason.