Research Director Sam Bowman’s comments on why the fall of inflation to 1.2% is good news were featured in The Daily Telegraph.

"It is usually concerning when the Bank misses its inflation target, but the latest figures look like the exception," said Sam Bowman, research director of the Adam Smith Institute, a think tank.

"Inflation fell because goods such as fuel and food became cheaper globally, in real terms.

"At home, consumer demand seems healthy, so the usual dangers of low inflation do not apply."