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### PoV: BoE Scenarios - Market Consensus.......>

BOE
BOE: ### PoV: BoE Scenarios
- Market Consensus Unchanged at 0.5% with 7:2 Vote
- BoE likely to lower 2018 growth forecast given weak Q1 data
- MNI PINCH pricing only 10% hike chance for May and 69% hike probability for
August
- Economists Expectations: One 25pbs hike later in the year (August)
**POTENTIAL OUTCOMES:
- Super Hawkish: "Dovish Hike" 
- Hawkish: 6:3 with hawkish commentary (or even 5:4 V. Hawkish), market prices
higher chance of a hike in August
- Consensus: "Hawkish Hold" 7:2 vote keeping door open for 25bps hike later in
year (Aug/Nov)
- Dovish: 7:2 with no hawkish commentary: market reduces price for hike in
August
- Super Dovish: 8:1 markets likely push out rate hike until Q1 2019

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