Gieve: BoE rate hike likely to hinge on election outcome
Labour coalition could give central bank room to tighten sooner
The outcome of the UK general election on May 7 will likely impact the Bank of England's (BoE) decision to tighten rates, according to John Gieve, who was deputy governor of the central bank from 2006–09.
Gieve spoke as part of a panel of former BoE monetary policy committee members at an event in London today (May 6), organised by economics consultancy Fathom.
In opening remarks, Danny Gabay, co-director of Fathom, said a left-wing coalition led by the Labour party would likely relax austerity
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