US president-elect Joe Biden is believed to favour a measure of inflation that goes beyond the existing consumer price index (CPI) by factoring in asset prices as well as the cost of public services. Photo: AP
China’s former central bank chief urges revamp of modern central banking
- Zhou Xiaochuan, who was the head of People’s Bank of China (PBOC) for over 15 years until 2018, supports reform of the way inflation is defined and measured
- US president-elect Joe Biden has flagged a cost of living index which factors in asset prices as well as the cost of public services
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US president-elect Joe Biden is believed to favour a measure of inflation that goes beyond the existing consumer price index (CPI) by factoring in asset prices as well as the cost of public services. Photo: AP
