###/VIEW: Bank desk views on today's BoE........>

BOE: ###/VIEW: Bank desk views on today's BoE decision/QIR (2/2):

- Nomura: We expect no move in policy rates this month but expect the Bank to

continue to point to the need for gradual and limited policy tightening on the

assumption of a recovery in the data.

- Nordea: We judge that the risks of a rate hike are larger than markets price,

for instance given Carney's history of miscommunications.

- Rabobank: We have now set our sights on a hike in August, on the assumption

that the economic data recover towards trend rates.

- RBC: We still expect a 25bp rate hike, with substantially less conviction than

in previous weeks.

- Scotiabank: We look for the BoE to deliver a 'hawkish hold' on. There remains

the slim chance of a hike but it's unlikely. We also expect downward revisions

to the BoE's growth and inflation projections

- TD: Exp. on hold but, a split vote & hawkish communication. IR report likely

to show weaker output & inflation for '18 and see single rate hike in Aug.