Consensus clustered at 4.3% (Refinitiv 4.3%). Danske Bank is the low outlier at 4.2%; Sparta Securities, Capital Economics, Oxford Economics, Pantheon Macroeconomics, Standard Chartered, TD Securities and Wells Fargo sit at 4.4%. Major banks forecasting 4.3% include ANZ, ABN AMRO Bank, BNP Paribas SA, Barclays, BofA, Citigroup, Commerzbank, Daiwa Capital, DekaBank, Deutsche Bank, Goldman Sachs, Helaba, HSBC, ING, JP Morgan, Jefferies, Mizuho, Morgan Stanley, Nomura, UBS and Lianxin Bank.