According to CoinMeta, the Governor of the Bank of England, Andrew Bailey, expressed his views on the relationship between the Middle East situation and UK monetary policy. He stated that if the Middle East issues cannot be resolved and energy prices continue to remain high, the likelihood of interest rate hikes is quite high. However, if substantial progress can be made in resolving the Middle East conflicts, he would be optimistic about the trend of energy prices, and at that time, a different judgment regarding interest rates would have to be made.