Asia’s inflation still moderate

'There is the obvious question as to whether rate increases are the ‘panacea’ to battling inflation, especially when some of the price pressures are supply-driven rather than demand-led.' -Wellian Wiranto

ASIAN countries are generally seen as less aggressive in raising interest rates compared with the West, largely because of the lower inflation rates in this part of the world.

While it may be argued that raising interest rates does not necessarily keep inflation in total check, it remains one of the main financial tools central banks the world over use to manage excessive hikes in prices.