Last week, the Office for National Statistics (ONS) announced that the consumer prices index (CPI) had fallen back to the Bank of England's (BoE) 2% target in December.
It was the first time since November 2009 that the rate had met the target, and the drop surprised many economists, who had widely predicted that the rate would stay at November 2013's figure of 2....
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
