Inflation keeps breaking records in Sweden, with the CPIF (Consumer Price Index with fixed interest rate) 12-month inflation hitting 9.7 per cent in September, the highest level in three decades
India's government is in no hurry to push inflation, now hovering near 7% and eight-year highs, back to the central bank's 4% medium-term target for fear that aggressive rate hikes could hurt growth
US Federal Reserve officials indicated that further rate hikes could follow as there is "little evidence" that inflation pressures were subsiding, according to the Fed's latest policy meeting.
Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies