A meat stall in Beijing. Inflation in the price of everyday goods has not taken off, despite a decade of easy money. But this is no cause for celebration. Photo: EPA
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Central banks are stoking the dangerous fire of inflation

  • The G20 summit missed the chance to examine a crucial issue: Inflation has not gone away, it is hiding in plain sight, in inflated asset and stock prices. Given towering debt levels and slowing manufacturing, more easing will only stoke inflation

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A meat stall in Beijing. Inflation in the price of everyday goods has not taken off, despite a decade of easy money. But this is no cause for celebration. Photo: EPA
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London