May 04, 2022 09:59 GMT
Analyst Views - Hawkish to Dovish (A-Z) (2/5)
BOE
Deutsche | 25bp hike with 8-1 vote (unch dissent). QT announced Jun-Aug with GBP3.3bln/month sales from Sep. Further 25bp hikes in Jun22, Aug22, Feb23 then cut to 1.00% by end-24. |
RBC | 25bp hike this with 8-1 vote (Cunliffe on hold). Consultation on gilt sales announced, to last 3-6 month, so no active sales before Q3. Further 25bp hikes in Jun22 and Aug22. |
Rabobank | 25bp hike in May22 with 2-3 votes for 50bp. Active gilt sales need a calmer market than now. Look for further 25bp hikes in Jun22 and Aug22 before pausing. |
Nomura | 25bp hike; 8-1 vote (unch dissent); risks of further dissent either way. Active gilt sales start early-23 (ann Nov22). Further 25bp hikes in Aug22, Nov22, Feb23, risk of Jun22. |
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