According to CoinMeta, after the Bank of England maintained interest rates at 3.75% as widely expected by the market on Thursday, yields on UK government bonds fell. Three out of the nine policymakers favored an interest rate hike. However, the Bank of England stated that so far, there are almost no signs that high energy prices will have a second-round effect, and pointed to slower wage growth and a weak labor market. Following the announcement of the interest rate decision, the yield on UK 10-year government bonds dropped to 5.005%, a decrease of 1.3 basis points from 5.027% before the announcement.