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Analyst views (hawkish to dovish) (4/4)

BOE
BerenbergMPC "may signal that a faster pace of asset purchases remains an option." Base case: purchase pace unch in H1, GBP2.2/week in Q3 and GBP1.1/week in Q4.
LloydsBoE may point to "upside risks" to its forecasts but is unlikley to say something on yields. May warn it can increase purchase pace if financial conditions become disorderly.
CitiDropped rate cut call after the Budget but still expect a GBP50bln QE extension "at the end of 2021". "Expect the MPC to strike only a cautiously optimistic note at this stage".
TD SecuritiesNo increase in pace of QE but "the threat to do so could be made a bit more forceful than what we saw in February". Look for current pace until "at least" the May meeting.
HSBCMPC may conclude tightening of fin conditions is unwarranted and warn more QE could be needed. Expect GBP100bln more QE in May to maintain pace at current level into 2022.

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