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(1/2) BoE seen raising rates Thursday,......>

UK VIEW
UK VIEW: (1/2) BoE seen raising rates Thursday, markets eye vote and R*
estimate:
- BNP Paribas: BoE likely to hike rates with a 6-3 vote, with Ramsden, Cunliffe
and Vlieghe dissenting. Do not expect big changes to growth/cpi forecast and
expect BoE estimate of r* to be between -0.5% & 0.5% (neutral rate at 1.5%-2%).
- TD: Expect BoE MPC to vote 8-1 to hike rate to 0.75% and see projections
largely unchanged from May IR. See MPC estimate 2.5%-3.5% neutral interest rate
- Credit Suisse: Expect BoE to vote 8-1 to raise rates with Cunliffe dissenting,
but see this as a dovish hike with BoE validating current market rate hike
expectations. Growth forecasts unchanged but inflation revised slightly higher 
- Danske: Expect BoE to raise rates to 0.75% despite inflation being lower than
expected. See BoE repeating message that ongoing tightening of monetary policy
over the forecast period would be appropriate but hikes gradual & limited.
- Rabobank: Expect BoE to raise rates to 0.75% but with a split vote and keep
prospects of a few 2019 and 2020 rate hikes in play.

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