BoE's Sentance warns of inflation wage rise threat

The Bank of England should raise interest rates gradually to help stave off the threat of future inflation, Monetary Policy Committee member Andrew Sentance said on Sunday.
He pointed to rising commodity prices, a falling pound, a stronger global economic recovery and the pick-up in wage increases as possibly feeding into higher inflation over the medium term.
"The change in wage increases has certainly been an upward direction, we're certainly not at a level of wage increases yet that is threatening the inflation target, but we are moving in that direction," he told Sky News.