Speaking to Sky News this morning, Hunt said there was no "trade off" between tackling inflation and recession.
He was asked if he was "comfortable" with the Bank of England doing whatever it takes to bring down inflation, even if that caused a recession.
The chancellor repled: "Yes, because in the end inflation is a cause of instability and if we want to have prosperity, to grow the economy, we have to support the Bank of England in the difficult decisions that they take."
Inflation fell to 8.7 per cent in April but despite returning to single digits this was significantly above the Bank of England's forecast - and it means inflation in the UK is double the equivalent US rate and much higher than in the Eurozone.
The release of April's higher than expected inflation rate led gilt yields to soar and led some mortgage lenders to pull products.
Interest rates, which now sit at 4.5 per cent, are now forecast to exceed 5 per cent.
Hunt said: "There is nothing automatic about bringing down inflation. It is a big task but we must deliver it and we will.
"It is not a trade off between tackling inflation and recession. In the end the only path to sustainable growth is to bring down inflation."
damian.fantato@ft.com
