###(2/2) Analysts views continued: -............>

BOE: ###(2/2) Analysts views continued:

- Barclays: Expect 7-2 vote for rate rise, with Ramsden a dissenter. While it is

50/50 between Cunliffe and Tenreyro. BoE likely to communicate start of hiking

cycle but we do not expect further rate hikes in 2018.

- Lloyds: 8-1 likely outcome for raising interest rates with Cunliffe possibly

voting for unchanged rates. Most interest on MPC forward guidance and if it

reiterates that markets are underestimating potential of interest rate rises.

- Danske: Expect BoE to raise rates to 0.50% with a 7-2 vote, with Ramsden and

Cunliffe dissenters but do not see this as beginning of a hiking cycle and see

no rate hike in 2018. BoE to repeat hikes will be 'gradual & limited'.

- Nomura: Expect 7-2 vote for rate hike and then 2nd rate hike 6-months later.

- TD Sec: Expect 25bps hike with vote likely 7-2 with Ramsden dissenting with

either Cunliffe or Tenreyro, though risk is for 8-1 or 6-3 outcome. MPC likely

to reiterate rate to rise faster than market expects and see 2nd rise in Feb.

- JPM: Expect 25bp rise in rates, while BoE likely to signal no rush to hike

again look for it to provide forecasts that imply further tightening in 2018.