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

BOE
BOE: ###/VIEW: Bank desk views on today's BoE decision/QIR (1/2)
- Barclays: Expect May MPC meeting to deliver a "hawkish hold" as it reiterates
its commitment to medium-term tightening.
- BNP Paribas: We feel the central bank will vote to keep rates on hold given
the recent economic weakness, but retain a hawkish bias.
- Danske Bank: We think the hike will be postponed to the August meeting, which
would give the committee more time to see whether the weakness is temporary or
not.
- JPMorgan: Our economists expect that the vote will be 9-0. Given the recent
weakening in the data the dominant message is likely to be about the near term,
i.e. signaling no urgency to hike.
- Lloyds: While we agree that the recent run of soft data releases has reduced
the urgency for a hike, and therefore expect the Bank to stand pat, we still
believe that an increase this year remains likely.
- MUFG: We believe there is a strong possibility that the MPC will indeed be
keen to keep alive the prospect of a rate hike coming as soon August.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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