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###/VIEW: 2/2 - RBC: March meeting likely to....>

BOE
BOE: ###/VIEW: 2/2 - RBC: March meeting likely to largely validate pricing of a
May rate hike and look for Saunders and McCafferty to be outriders and make it a
7-2 vote split for unchanged rates. 
- DANSKE BANK: Do not expect any major shift in policy signals, as BoE said
would not pre-commit to a rate hike. See MPC raising rate in May but will look
at CPI and labour data out this week as they are important for timing of rate
hike.
- COMMERZBANK: Should not look for explicit guidance for a rate hike in May, but
a good opportunity to nudge market expectations, with 1 or more MPC members
dissenting from consensus view that rates remain on hold. 
- LLOYDS: BoE not expected to raise rates this week, however expect one in May
and look to see whether it signals that intention. If there is a lack of signal
this may cause change in market pricing.
- TD: Expect straight forward on-hold decision without any notable change in
MPC's communication. Doubt clear hints of a May hike will emerge but this could
earn a vote or two.

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