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MNI BOE Preview - March 2022: Risks Skewed to Dovish Reaction

  • The MNI Markets team expects a 25bp hike this week.
  • At the time of writing, markets are pricing in around 32bp for this week’s meeting. We would put the probability at less than that, largely due to the additional uncertainty surrounding the Russia-Ukraine war.
  • The risks seem skewed towards a more dovish outcome than the market has priced, with 125bp of hikes priced by August.
  • We discuss the market implications and summarise the views of 22 sell side analysts in the full MNI Bank of England Preview.
Full document:

MNI BoE Preview - Mar22.pdf

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