BoE's Sentance worried on above target inflation

Bank of England rate setter Andrew Sentance, who joined the Monetary Policy Committee earlier this month, said Thursday 12 October the biggest upside risk to UK inflation is that above target consumer price inflation will fuel higher wage increases.

In his confirmation hearing in front of MPs on the Treasury Select Committee, Sentance said the data so far has been "relatively reassuring but we need to keep a watch on that", and added that the fall in oil prices does not necessarily imply that

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