February 13, 2010
Asia's Inflation Could Spread, IMF Official Warns
WASHINGTON—Soaring inflation across Asia is showing signs of spilling over into broader price pressures, something that policy makers will need to respond to by allowing their currencies to appreciate, a top official at the International Monetary Fund said.
The views illustrate the depth of concern at the IMF that authorities in the world's fastest-growing region are behind the curve on inflation, an imbalance that could threaten the global recovery. Inflation has taken a grip in some of Asia's high-speed economies as extreme weather conditions and supply constraints drive food, oil and commodity prices higher, prompting central banks to tighten policy.
http://online.wsj.com/article/SB10001424052748703361904576142901753380400.html?mod=googlenews_wsj
Asia's Inflation Could Spread, IMF Official Warns
WASHINGTON—Soaring inflation across Asia is showing signs of spilling over into broader price pressures, something that policy makers will need to respond to by allowing their currencies to appreciate, a top official at the International Monetary Fund said.
The views illustrate the depth of concern at the IMF that authorities in the world's fastest-growing region are behind the curve on inflation, an imbalance that could threaten the global recovery. Inflation has taken a grip in some of Asia's high-speed economies as extreme weather conditions and supply constraints drive food, oil and commodity prices higher, prompting central banks to tighten policy.
http://online.wsj.com/article/SB10001424052748703361904576142901753380400.html?mod=googlenews_wsj
