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Summary of Analyst Views (2/2)

BOE
  • Bank Rate at end 2022 (out of 20 analysts):
    • No analyst expects as many hikes as the market is currently pricing (rates above 1.25%).
    • 2 analysts (10%) look for 1.00%
    • 12 analysts (60%) look for 0.75%
    • 1 analyst (5%) looks for 0.75% or 0.50%
    • 5 analysts (25%) look for 0.50%.
  • Every preview that discussed QT expects gilt reinvestments to fully cease when Bank Rate reaches 0.50%.
    • BofA had previously expected only half the March gilt to be reinvested but have since changed their view to look for a full cease to reinvestments when Bank Rate reaches 0.50%.

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