U.S. November CPI Release Set for Dec. 18; BoE Expected to Cut 25bp, ECB to Hold

U.S. November CPI data are due on December 18, with markets expecting 3.1% year-on-year headline inflation and 3.0% core, BlockBeats reports. The Bank of England is widely expected to cut rates by 25 basis points to 3.75% today, with market pricing above 90%, as inflation has fallen and growth has softened. The European Central Bank is expected to hold rates, as euro-area data have surprised to the upside and inflation sits near target. A Bitunix analyst notes that global policy divergence is intensifying, and near-term crypto moves will be driven more by macro expectation differentials and liquidity pricing than by a single data point.