On June 19, Bluebay Chief Investment Officer Mark Dowding said that the Bank of England wants to lower interest rates, and they want to believe that inflation is under control. Here's what some of their models tell them what should happen. But intuitively, I've always thought that inflation in the UK is still too high and that a rate cut would be a mistake. From this point of view, if the market thinks that the BoE is becoming more dovish and the yields are falling, then I would instead prefer to do the opposite, on the other side, expecting yields to rise. As far as my observation of inflation is concerned, real-life experience of inflation suggests that inflation is still around 4% at the moment. The prices of all commodities seem to be rising, and inflation expectations are presumably staying around this level. Against this backdrop, I don't see much room for the Bank of England to cut rates.

According to Gate News bot, as reported by Cryptonews, the Bank of England (BOE) is considering a proposal that would limit UK banks' exposure to Crypto Assets before 2026. Bank of England Executive Director David Bailey ( stated at the Risk Live Europe event held in London on Wednesday that the upcoming rules in the UK will be more "restrictive." He specifically pointed out that banks will be encouraged to maintain lower risks in their Crypto Assets investments. "There are also some examples that suggest a restrictive approach may be more appropriate," he said, "prudent handling of banks' investments in Crypto Assets, particularly those with high price Fluctuation and where investors may lose their entire investment, is one such example." Additionally, the UK is working on developing a risk disclosure framework for Crypto Assets as set by the Basel Committee on Banking Supervision. This framework includes "a set of standardized public forms and templates covering banks' Crypto Assets risk exposure."

Golden Finance reported that Andrew Bailey, the head of the Central Bank of England, stated that it is still too early to declare victory over inflation; he maintains a cautious and optimistic attitude towards better anchoring of inflation expectations.

The inflation expectations of British businesses are falling, increasing the likelihood of a quick interest rate cut by the Bank of England. The latest data shows that in June, the inflation expectations for the next year fell from 2.9% in May to 2.8%. Samuel Tombs, Chief UK Economist at Pantheon Macroeconomics, pointed out that this will give the Bank of England Monetary Policy Committee the confidence to cut interest rates quickly, possibly in September or August.

Arthur Hayes: The crypto bull market is awakening, go long on Bitcoin and then go long on altcoins Arthur Hayes, a well-known KOL in the crypto community, published his latest article "Group of Fools". He said that he had suggested in his previous article "The Easy Button" that the US Federal Reserve (Fed) could use an unlimited amount of newly printed US dollars to exchange yen with the Bank of Japan (BOJ) to strengthen the yen. However, the central banks of the Group of Seven (G7) decided to achieve this goal by reducing the interest rate differentials between the yen and the US dollar, euro, pound sterling and Canadian dollar. To do this, the G7 central banks (Fed, European Central Bank "ECB", Bank of Canada "BOC", Bank of England "BOE") with higher policy rates must cut interest rates. Currently, the BOJ's policy rate is 0.1%, while the rates of other G7 countries are between 4-5%. The interest rate differential fundamentally drives exchange rate changes. Since the BOJ holds more than 50% of the Japanese Government Bond (JGB) market, it cannot raise interest rates without incurring catastrophic losses. Although the G7's inflation rate is above the target of 2%, this week the BOC and ECB cut interest rates despite inflation being above target. Arthur Hayes believes that this move is in response to the weakening of the yen and its potential risks to the global financial system. The G7 will hold a meeting in a week, and the communique after the meeting will be of great interest to the market. The Fed is not expected to cut interest rates at the upcoming June meeting, while the BOE may unexpectedly cut interest rates. The trend is clear, central banks have begun to ease monetary policy. These central bank policy changes will drive the cryptocurrency market out of the summer doldrums. "Go long Bitcoin, then long altcoins. It's time to redeploy excess US dollar liquidity to altcoins." The cryptocurrency bull market is awakening.

The Financial Times reported that the Bank of England (BoE) and the Financial Conduct Authority (FCA) will take a "proactive" and flexible regulatory approach through the Digital Securities Sandbox (DSS). Sashi Mills, Executive Director of the Bank of England, said this will enable regulatory agencies to adopt new approaches, maximize the potential benefits of innovation, and "manage financial stability risks". Through DLT, DSS aims to alleviate the inefficiency in the "post-trade environment", which can "drop the entry barriers for providers" while enhancing the flexibility of the financial market.

BOE Governor Bailey said that if the evolution of the economy and inflation aligns with the central bank's expectations, there would be reason to cut interest rates. Bailey stated, "All meetings are on the table." "If the situation develops as implied by the forecasts."