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Analyst Views (Hawkish to Dovish): 4/5

BOE
Credit Suisse25bp hike with 6-3 vote (dissents for 50bp). Guidance could be strengthened for more hikes. Further 25bp hike in Aug22; then a pause and three further hikes in 2023 to 2.25%
NatWest Markets25bp hike hike with 2-5-2 vote (50/25/unch). Further 25bp hike in Aug22 before a pause, then 25bp hikes in Feb23 and May23. Active gilts sales of GBP50bln/year begin Q1-23.
Barclays25bp hike; 2-6-1 vote (50/25/unch). Further 25bp hike in Aug22, then pause as tailwinds from recovery fade and cost-of -living intensifies and past tightening passes through.
Rabobank25bp hikes in Jun22 and Aug22 "before the Bank of England takes a pause". But "clear upside risk" to this forecast. Aug22 could see decision to actively sell gilts.

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