ECB chief economist LANE said a second wave of energy-price increases will push inf higher and expects it to start gradually returning to target from mid-2027.

BOC Governor MACKLEM said moving too slowly on rate hikes would force the bank to raise rates much faster later and by a larger amount than if it acted earlier.

At end-August 2026 the Shanghai Composite closed at 3,986.3, up 4.0% MoM; the Shenzhen Composite closed at 14,015.0, up 3.2% MoM. Daily average turnover across the two exchanges in August was 2.241 trillion yuan, down 16.5% MoM. The Shanghai Gold Exchange Au (T+D) contract closed at 961.1 yuan/gram at end-August, up 8.6% MoM. In August, gold traded on the Shanghai Gold Exchange totaled 6,707.3 tonnes, up 66.9% YoY; gold turnover on the Shanghai Futures Exchange totaled 17,000 tonnes, up 71.5% YoY.