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

BOE
DeutscheExpect 15bp hike this week (6-3 vote) and an early end to QE (GBP20bln reduction in total purchases) with the APF worsening market liquidity. Further 25bp hikes in Feb and May.
Investec15bp Nov hike; "almost certainly vote to cease the remaining QE." 25bp hike in Feb with end of reinvestments. 25bp in Nov22 and 50bp in 2023 with active QT from mid-23.
SEBExpect a 15bp hike this week which has little economic consequences but signals the Bank takes inflation risks seriously. "Makes sense" for an early end to the APF programme.
Goldman Sachs6-3 vote for 15bp Nov hike: risk of 40bp hike / delay to Dec. Further 25bp hikes in Feb, May and Q422. Reinvestments cease post-Feb. Asset sales GBP20bln/quarter from end-22.
Nomura"Prudent" to wait for more info; expect 15bp Dec hike then 25bp hikes in Feb, May, H2-22, H1-23 and H2-23. Begin reducing QE holdings from March with outright sales from H2-22.

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