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Sell side views (hawkish to dovish): 1/4

BOE
Goldman SachsExpect first 15bp hike in May22 then three 25bp hikes: Bank Rate at 0.50% in Q4-22, 0.75% in Q2-23 and 1.00% in Q4-23 with Bank Rate on hold and active gilt sales in 2024.
BNPSee outside chance of Pill joining Saunders to vote to end QE early. Expect 15bp hike in May, another 25bp in November and third hike in 2023.
RBCExpect Saunders to be sole dissenter voting to curtail QE. Continue to look for 15bp hike in May 2022 and 25bp in Nov 2022.
HSBCExpect 8-1 vote with Saunders sole dissenter. Pill to join "metters" in 5-4 split. Continue to expect first 15bp hike in May22 and 25bp hike in Nov22 with no votes for hike in 2021.

Source: Analyst previews and MNI

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