[ING: Bank of England Certain to Hold Steady This Year, New Prime Minister Promises to Keep Markets on Edge] According to a report by Jinse Finance on July 28, economists at ING believe the Bank of England's latest forecast will show inflation 'approaching 3% in the second half of this year to early next year,' a level still within the central bank's tolerance range. Against this backdrop, their baseline expectation is that 'the Bank of England will hold rates steady throughout 2026,' with policy easing postponed to the next cycle. ING stated that their 'current forecast anticipates two rate cuts starting in the spring of 2027,' but emphasized that this trajectory 'depends on the absence of substantial fiscal stimulus in the autumn budget.' Additionally, the British pound has recently come under pressure as investors remain cautious about the funding sources for new Prime Minister Burnham's spending commitments. Burnham announced measures to cap transportation fares and electricity bills, sparking market concerns over further strain on public finances—a highly sensitive issue for the UK following the fiscal turmoil during the Truss administration in 2022.