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Summary of Analyst Views (2/2)

BOE
  • 5 analysts now see cuts in their base case: Citi (50bp in 2023), BofA (cut in 2023), Daiwa (25bp in 2023), Deutsche Bank (50bp by end-2024), Goldman Sachs (25bp in Nov-24).
  • Bank Rate at end 2022 (out of 19 analysts): The majority of analysts expect Bank Rate to end 2022 at either 1.25% or 1.50%.
    • SocGen look for 2.00% (5%)
    • 3 analysts for 1.75% (14%)
    • 7 analysts look for 1.50% (32%)
    • 9 analysts look for 1.25% (41%)
    • 2 analysts look for 1.00% (9%)
  • Bank Rate at end 2023 (out of 18 analysts): Views are evenly distributed between 1.00-2.00% for the forecast of Bank Rates (with JP Morgan as the outlier).
    • JP Morgan look for 2.50% (6%)
    • 3 analysts expect 2.00% (17%)
    • 4 analysts expect 1.75% (22%)
    • 3 analysts expect 1.50% (17%)
    • 4 analysts expect 1.25% (22%)
    • 3 analysts expect 1.00% (17%)

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