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Analyst Views 1/5 (Hakwish to Dovish)

BOE
NatWest MarketsBank's reaction function has change. 50bp hikes in Sep22 and Nov22 with 25bp in Dec22 to 3.0% terminal rate. 25bp cuts in Q4-23, Q1-24 and Q2-24 to 2.25% end of forecast.
Credit Suisse50bp Sep22 hike then 25bp hikes in Nov22, Dec22 and Q1-23 to 3.00% terminal rate. "The bar for the BoE to reverse hikes is high".
Goldman Sachs50bp hike in Sep22 followed by 25bp in Nov22 and Dec22 to 2.75%.
UBS50bp hike in Sep22 then 25bp hikes in Nov22 and Dec22 to 2.75% before remaining on hold through 2023.
Rabobank50bp hike in Sep22 and further 25bp hikes in Nov22 and Dec22, partly due to tax cuts and energy bill rebates from Truss. Pencils in 25bp cuts in Aug23 and Sep23.
SEB100bp of further hikes across Sep22, Nov22 and Dec22.

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