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Summary of Analyst Views (hawkish to dovish) (5/5)

BOE
PantheonDoubt "the MPC will say anything which would warrant a further steepening of the interest rate futures curve". Expect 8-1 vote with first hike in H2-23.
Citi8-1 vote in June. First hike Aug 23 with further 25bp hikes in Q3-24 and Q3-25. Balance sheet reduction to start when Bank Rate hits 0.50% (2024 on Citi's forecasts).
Goldman SachsUnlikely significant news at June meeting. Look for August announcement that balance sheet unwind will come before hikes with unwind beginning Q3-23 and first hike Q1-24.

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