Free Trial

Analyst Views: Hawkish to Dovish (3/5)

BOE
SEB50bp hike in Aug22. Further 25bp hikes in Sep22, Nov22, Feb23 and May23.
TD Securities50bp hike in Aug22 with 3-4 dissenters for 25bp. Further 25bp hikes in Sep22 and Nov22 to terminal rate of 2.25%. Active gilt sales announced Sep22 at GBP5bln/month from Oct22.
Nomura50bp hike in Aug22; 25bp hikes in Sep22 and Nov22 to leave Bank Rate at 2.25%. Active gilt sales announced Sep22, start in Q4-22 at GBP10bln/Q. 25bp cuts in May23 and Aug23.
ING50bp in Aug22 due to BoE communication and market pricing - not changes in data. Pencil in 25bp in Sep22 to 2.00% terminal rate but wouldn’t rule out additional 25-50bp.
Barclays50bp hike with 7-2 vote in Aug22, 25bp in Sep22 and on hold thereafter due to slowdown in activity. Upside risks to H2-23 as "cost of living crisis passes and momentum rebuilds."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.