Boosting economic growth is more important than controlling inflation, advisers say.
A survey of IFAs for IFAonline suggests almost three quarters of advisers believe the Bank of England should keep interest rates at 0.5% to help the economy.
The news comes despite inflation figures published today, revealing the Consumer Prices Index (CPI) grew by 3.5% over the past year.
Bank of England governor, Mervyn King, says inflation will fall back before the end of the year, and 70% of advisers say rates should be kept at 0.5%.
Kevin Morgan, managing director of Consilium Financial Planning, says: "The recovery, such as it is, is still very fragile. We need all the help available to sustain it. Even at the risk of overshooting CPI target in the short term."
However, 27% of those surveyed felt inflationary risk was more dangerous.
Mike Shaw, managing director of Hedley Asset Management, says: "Inflationary risk has been greatly underestimated by the authorities."
The Bank of England says inflation is being driven by one off costs increases, such as the increased price of petrol due to a spike in oil prices, and the impact of VAT returning to its normal 17.5% rate.
It predicts inflation will drop below the 2% target near the end of 2010, as spare economic capacity counters other price rises.
In his letter to the Chancellor today, King says the Bank of England will continue to support the economy and promote economic growth, but will not shy away from tightening monetary policy if it sees long-term inflationary risks.
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