Free Trial

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

BOE
UniCreditLook for 8-1 vote with Saunders only dissenter. Still expect first hike in "early 2023..but the probability of a hike next year (ahead of the Fed) is rising."
Barclays7-2 vote with Ramsden and Saunders voting for early end to QE. Central scenario "a status quo on rates and balance sheet" after 2021 but risk of 1-2 hikes in 2022.
TD Securities"there are three identifiable hawks on the MPC now: Saunders, Ramsden, and Pill." Possible Saunders is joined by 1-2 others in dissent.
PantheonExpect 8-1 vote with Saunders the sole dissenter. Still expect "GDP growth to be weak enough for the MPC to wait until" H1-23 to raise the Bank Rate.
RabobankExpect Pill to join "metters" camp. Inflation is driven by global supply and unusual comp of demand. "Reluctant" to forecast hike in 21/22 but Bank may "still decide to do so."

Source: Analyst previews and MNI

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.