Free Trial

Analyst Views - Hawkish to Dovish (A-Z) (1/5)

BOE
Societe GeneraleIncrease in inflation has heightened urgency to tighten; look for 25bp hikes in each 2022 meeting (May22, Jun22, Aug22, Sep22, Nov22) but "difficult to justify" 2023 hikes.
JP Morgan25bp hike; 8-1 vote (unch dissent). Risk of active QT this week; base case GBP2-3bln/mth from Nov22. Further 25bp hikes in Jun22, Aug22, Nov22, Feb23, May23, Aug23 to 2.50%.
Goldman Sachs25bp hike with 3-5-1 split (3x50bp, 1xunch). 25bp hikes in Jun22, Aug22, Nov22, May23; 25bp cut in Nov24. QT announcement in May22 at pace of GBP20bln/quarter.
Bank of AmericaMay22: 25bp hike 8-1 vote (50bp dissent) or 2-6-1 (2 for 50bp, 1 unch). Active QT at GBP5bln/month pace starting in Jun/Jul. Then 25bp in Jun22, Aug22, Nov22, cut in 2023.

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.