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Analyst Views: Hawkish to Dovish (2/5)

BOE
BNP50bp hike in Aug22 with 25bp hikes in Sep22, Nov22 and Dec22 to terminal 2.50%. If Truss is PM and substantially eases fiscal pol, hikes in 2023. Expect guidance repeated.
RBC50bp Aug22 hike; Bailey's speech "as close as MPC language can to explicitly signalling a 50bp increase." Further 25bp hikes in Sep22, Nov22, Dec22 to 2.50%."
Daiwa50bp Aug22 hike "with signals of further monetary tightening ahead too (possibly of a similar magnitude)." Further 25bp Sep22, Nov22, Dec22 to 2.50%; cut to 2.00% in 2024.
JP Morgan50bp Aug22 hike with 7-2 vote with 25bp dissents. 25bp hike in Sep22 conditional on BoE downgrading guidance, otherwise 50bp. Slow to 25bp pace from Nov22 (or slower).
Bank of America50bp hike with 7-2 vote with 25bp dissents. Further 25bp hikes in Sep22, Nov22, Feb23 and May23. GBP5bln/month active gilt sales from Oct22 confirmed in Sep22.

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