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Sell side views (hawkish to dovish): 2/4

BOE
Bank of AmericaLook for 8-1 vote with risk of Ramsden joining Saunders' dissent. First hike in May 2022, second in February 2023. Risks of a Feb 22 hike if utilty prices "hiked a large amount."
UBSLook for 8-1 hike. Continue to expect 15bp hike in May22 and 25bp hike in Feb23 "with the risk skewed towards more hikes" if inflation turns out to be more persistent than exp.
JP MorganSaunders to dissent; possible but unlikely there is another dissenter. Look for first 15bp hike in 2Q-22 (from 4Q-22) with further 25bp hike in 1Q-23 when reinvestments cease.
Nomura8-1 vote on QE with at least 5 members saying guidance has been met. First hike Aug22 with further 25bp hikes in Feb23 and Nov23. Feb23 hike alongside end of reinvestments.

Source: Analyst previews and MNI

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