South African Reserve Bank raised its policy rate by 25bps to 7.25%, the second increase this year, citing renewed price pressures from the Iran and Ukraine wars. The six-member MPC voted unanimously; the move matched market expectations. Governor said the bank has taken a cautious approach amid high uncertainty but remains focused on price stability and will aim to bring inflation back to 3% as current shocks fade. The rand recovered some earlier losses after the announcement.

China Index Academy data show new-home sales floor area across 30 major cities rose 1.4% YoY from Sept. 1-20. First-tier cities continued to post growth; the recovery remains concentrated in core, high-quality districts and projects, with ongoing structural divergence. In 20 key cities, second-hand residential transaction volumes (units) rose 13.1% YoY; Beijing and Shanghai recorded YoY volume gains for a seventh consecutive month. Cao Jingjing, GM of the Index Research Department, said the Aug. 28 policy has had limited direct impact on near-term supply rhythm and that subsequent market performance will depend on demand release and project marketing intensity.

中國央行：今日開展80億元7天逆回購操作，投標量80億元，中標量80億元，操作利率爲1.40%，與此前持平。