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| Monday June 23, 08:29 AM | |
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Bank's Sentance says inflation must not lead to wage hikes
LONDON (Reuters (LSE: TRIL.L - news) ) - Britain must ensure that a "temporary" episode of rising inflation does not feed through to wage price hikes, Bank of England Monetary Policy Committee member Andrew Sentance said on Monday.
Writing in the Daily Mail (LSE: DMGT.L - news) , Sentance said it was vital that Britain did not allow the "rise in inflation injected by rising oil and commodity prices" to become broad-based.
(Reporting by Kate Kelland, editing by Jeremy Lovell)
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