摘要
Asia is finally waking up to its inflation challenge.Recent weeks have seen a further round of monetary tightening, with a succession of central banks raising interest rates,or taking other measures to put a cap on rising prices. India,in particular,has taken tougher action than before,with a large rate hike,whilst others such as China have again pushed up reserve requirements. The policy challenge is never easy. Is this a case of too little,too late:taking action after inflation has already taken off and when there are expectations of more to come? Or is it,too much,too soon—as there are tentative signs the world economy has started to slow,in turn taking the heat out of commodity markets,with food and energy prices easing off? The world is two years into an economic recovery.But in many
Asia is finally waking up to its inflation challenge. Recent weeks have seen a further round of monetary tightening, with a succession of central banks raising interest rates, or taking other measures to put a cap on rising prices. India, in particular, has taken tougher action than before, with a large rate hike, whilst others such as China have againpushed up reserve requirements.
