According to CoinMeta, analyst Sam North stated in a report that the latest policy decision by the Bank of England indicates that the central bank is getting closer to raising interest rates. This trend is reflected in the 6-3 vote to keep interest rates unchanged, with Mann joining Green and Peel in calling for a rate hike. He pointed out that the Bank of England is now at risk of falling behind the situation, and if higher energy costs are passed on to wages and prices, it may be forced to undertake more destructive rate hikes later on. He emphasized that the threshold for raising interest rates has clearly been lowered.