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Analyst Views (Hawkish to Dovish) - 3/5

BOE
JP MorganMPC on hold "buying more time to assess the threat from Omicron". Now look for 15bp Feb hike and still look for 25bp hikes in May22 and Nov22.
NatWest MarketsExpect repeat of Nov 7-2 on-hold rates vote. "Uncertainties around the Omicron variant seem more likely to dominate." 15bp hike in Feb22 with 25bp hikes in May22 and Nov22.
Credit SuisseOmicron to make MPC's decision "more finely balanced and be enough to delay the BoE rate lift-off". Expect 15bp Feb22 hike then 25bp hikes in May22 and Nov22.
INGExpect first 15bp hike in Feb22. "Officials have also shown themselves willing to wait" so Feb22 hike depends on how Omicron hits activity. 25bp hikes in Q3-22, Q1-23 and Q3-23.

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