Free Trial

Summary of Analyst View (1/2)

BOE
  • All 21 analyst previews that we have read look for a 25bp hike this week and a further 25bp hike in August.
  • Views on the vote breakdown are more nuanced.
    • Out of 14 analysts, half expect to see a 6-3 vote with three members voting for a 50bp hike.
    • 3 analysts look for a 2-6-1 vote split (50/25/unch).
    • The remaining analysts are split between 3-5-1, 2-5-2, 0-9-0 and 0-7-2/0-8-1.
  • No one expects any QT announcement this week, and analysts largely steered clear of reiterating their views in this month’s set of previews.
  • Only 2 analysts still see cuts in their base case: Citi (50bp in 2023), Deutsche Bank (starting Q4-23).

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.