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Analyst Views: Hawkish to Dovish (3/5)

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."

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