“There is no escaping the fact that the economy still faces a long road to recovery”

Jatin Ondhia, CEO at Shojin:

“The severity of price pressures has left little room for complacency, yet today’s long-awaited dip into single-digit figures will no doubt be met with a sigh of relief from investors.

“For the first time in eight months, evidence that a corner has been turned appears more tangible and the emergence of a more positive tone will be welcomed by many.

“There is no escaping the fact that the economy still faces a long road to recovery — with inflation figures set to stay above the Bank of England’s target for longer than anticipated — it remains to be seen whether further, tighter monetary policy may be needed.

“There might be a sense of cautious optimism, but investors should continue to assess how well placed their portfolio is to deliver on their short-, medium- and long-term goals, with the challenges of inflation and higher interest rates unlikely to dissipate this year.”