Bank of England Governor Sir Mervyn King has defended what he described as a "temporary albeit protracted period of above-target inflation".
He said that any attempt to lower inflation to below the 2% target would "risk derailing the recovery".
More top news
The family of two little girls who were left paralysed following a crash say they will never forgive the driver who caused the collision.
A driver who paralysed two little girls in a road rage crash was jailed for 4 and a half years.
A driver who left two sisters paralysed after his 4x4 smashed into their family car during a road rage chase, has been jailed.