For the past three years we have been blighted by inflation and told that, however painful it may be, the Bank of England’s interest rates had to go higher, all the way to a 14-year high.
From next week we could start reading that inflation is in fact now too low, a change of direction that might make little sense to non-economists, or indeed to most people noticing just how much more expensive almost everything is (bills, pints of beer, insurance, taxis).
