Price controls may appeal to officials eager to be seen to be doing something about rising inflation, but China’s experience with controls has not been encouraging. For markets, they could play either...

The viability of Hong Kong’s dollar peg is again in question although the evidence linking recent asset price movements to the peg is weaker than many think. In any case, none of the alternatives to...

Consumer price inflation rose more than expected last month, but it continues to be solely a food price problem. Of more concern is that loan growth has not slowed, despite strong signals from the...

We think that consumer price inflation peaked in October. With all the recent increase in the headline rate coming from food prices, inflation is only likely to continue rising if there are further...