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Summary of Analyst Views (Sorted by Hawkish to Dovish) (1/5)

BOE
BerenbergDon't rule out early end to QE. First hike of 15bp in Aug 22 followed by a further 25bp in Nov 22 and two more 25bp hikes in 2023 to bring Bank Rate to 1.00% by end of 2023.
HSBCExpect 6-2 vote with Saunders and Ramsden dissent. Look for increase in inf forecasts in "near and medium term". Hike in May22, Nov22 and begin tapering reinvestments H2-22.
RBC6-2 vote but don't expect sequencing review until Nov. Look for 15bp hike in May 22 and further 25bp hike in Nov 22 due to a "relatively rapid improvement" in the labour market.
Bank of AmericaLook for 6-2 vote but "wouldn't be surprised" by 7-1. Sequencing review to conclude in Nov: 0.25-0.50% Bank Rate before QT. 2/3-year inf fcasts revised to 2.0% from 1.9%.
UBSPossible dissent from Saunders. Given better growth outlook and "expectations of less scarring" look for 15bp hike in May 22 with further 25bp in Feb 23.
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