SENTANCE’S FINAL CALL AS A BANK OFFICIAL

ANDREW Sentance made his final hawkish call as a member of the Bank of England yesterday, urging it to rescue its credibility by normalising interest rates. Globalisation is increasingly causing global price pressures, which national authorities will have to respond to, he said. Sentance expects “a prolonged period of upward pressure on energy and commodity prices,” he told a meeting in Jersey.