According to a report by Jinshi Data, MHA economic advisor Joe Nellis stated that despite a slight increase in inflation in the UK in June, the Bank of England may cut interest rates in August. The softening labor market, including slowing wage growth and a decrease in job vacancies, suggests that policymakers expect inflation to fall by the end of 2025, providing justification for a rate cut. Although price increases have fallen from the highs of 2021-23, the battle against inflation is not over, and the Bank of England is expected to maintain a cautious stance.