According to CoinMeta, Andrew Bailey, Governor of the Bank of England, stated at the Jackson Hole Economic Symposium that there has not yet been a significant second-round inflation effect in the UK, and the labor market has been weakening for some time. At present, it is appropriate to continue observing the situation. The market has already fully factored in the expectation of a 25-basis-point interest rate hike this year, as well as another 25-basis-point hike by next spring.