eToro strategist Sam North said in a note the Bank of England's latest policy
decision signals it is increasingly close to raising rates. The 6-3 vote to hold
rates showed Mann joining Green and Pill in calling for a hike. North warned the
Bank risks falling behind the curve and, if higher energy costs pass through to
wages and prices, could be forced into more disruptive tightening later. He said
the threshold for hiking has clearly lowered.
