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BOE Sentance: Commodities could rise further

Posted on 26 May 2011

Outgoing Bank of England Monetary Policy Committee member Andrew Sentance has said that the MPC cannot ignore rises in commodity prices and warned that last week’s correction in crude prices was probably just a blip on an upward trend.
In his last speech as an external member of the MPC, Sentance told an audience in Jersey that high commodity prices could feed into wage bartering and price-setting and hinted that the MPC should move to increase the value of sterling to combat imported inflation……………………………………….Full Article: Source

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