the cost of everything from food to energy. daniel murray, chief executive of efg asset management switzerland told me about how asian central banks are likely to react. i think the situation in asia is very interesting. 0bviously, different situations depending on which country you're looking at. the monetary authority of singapore for example, they usually don't set policy by interest rate but use currency is the main policy indicate that they are very happy to continue to let the currency strengthen gently and that in effect represents monetary tightening. the bank ofjapan famously hikes rates for the first time in... since 2005, just recently. and is expected to gently tighten policy progresses, although it's not certain. of course we have the bank