Analysis: pressure to calm UK economy with higher borrowing costs has eased for now
- UK inflation falls as clothing and footwear retailers cut prices
- Business live updates: UK inflation slows more than expected
It must have come as a shock to those who make a living frightening homeowners about the imminent rise in their mortgage interest.
Headlines warning of hyperinflation and the threat of higher borrowing costs look a little silly after the inflation rate fell by more than expected in July, easing back down to the Bank of England target of 2%.
Read the original article at The Guardian