###/VIEW: (2/2)- Citi: Expect 6-2 majority......>

BOE: ###/VIEW: (2/2)- Citi: Expect 6-2 majority vote to keep monetary policy

unchanged due to the mounting evidence of economic slowdown.

- MS: With the output gap closed and inflation above target, a hike remains

possible. But with growth slow in 1H and inflation dipping, we see a narrow

majority (5-3) for unchanged policy. Expect hawkish tone to inflation report.

- JPM: With soft Q2 GDP and downside surprise in June CPI, MPC likely to hold

rates in a split 6-2 vote. See risk BoE raises rates before our Q3 2018 call due

to expected modest real income growth and clearer signs of smooth Brexit.

- RBC: Expect rates on hold with 5-3 vote and on hold for foreseeable future vs

extra stimulus in Q1 2018. No dramatic change in path for CPI vs May profile.

See limited scope for a hawkish surprise as 2 x 25bp hikes almost priced in.

- BAML: Expect 6-2 vote to keep rates on hold and see little disagreement with

market rate profile. Acknowledge rate call has come closer but expect no

majority for rate hikes this side of 2019.

- HSBC: Think MPC vote 6-2 to keep rates on hold, but risk of 5-3. Think growth

revised down, but CPI up a touch. Unemployment forecasts will be interesting.