Growth more important than inflation - advisers

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 a...