LONDON, March 29 (Reuters) - The unexpected increase in
British inflation last month shows there can be no complacency
about rising prices, finance minister Jeremy Hunt said on
Wednesday, adding that he did not think central banks were
over-reacting.
"Only a week ago we found that inflation had actually gone
up from 10.1% to 10.4%, and I think that demonstrates there can
be absolutely no room for complacency," Hunt told parliament's
Treasury Committee.
On central banks, Hunt said: "I don't believe they are
over-reacting, I think there is still inflationary pressure in
the economy - I am very concerned about it and I think we need
to keep our eye on the ball."
(Reporting by William James, Writing by Andy Bruce, Editing by
Kate Holton)
Messaging: @brucereuters))
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