It is important that we remain vigilant and keep a close eye on these developments.
I have been saying for some time now that it would be reckless to rule out the possibility that we might have to contend with stronger inﬂationary forces again in the future. [7] Andy Haldane, Chief Economist at the Bank of England, recently made reference to a metaphor ﬁrst used by Friedrich von Hayek: inﬂation control is akin to trying to catch a tiger by its tail.