According to CoinMeta, UK government bond yields fell slightly before the Bank of England announced its interest rate decision. Investors expect interest rates to remain unchanged and will be watching for voting divisions as well as the Bank of England's assessment of the secondary inflation effects. Data from the London Stock Exchange Group shows that the market only factored in a 19% interest rate hike on Thursday, but fully anticipated three 25-basis-point hikes by March 2027. The Federal Reserve raised interest rates on Wednesday as widely expected. Walsh emphasized that inflation is still very high, increasing the prospect of further rate hikes by the Federal Reserve at future meetings. Tradeweb Data shows that the yield on 10-year UK bonds fell by 1.3 basis points, with the latest reading at 5.282%.