Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
FxWirePro- Major Crypto levels and bias summary 
Philippine Central Bank Signals Steady Interest Rates as Inflation Rises and Growth Slows 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
By the narrowest five-four margin, the Bank of England held rates at 4% in a nail-biting November 7 confrontation, with Governor Andrew Bailey casting the lethal vote against a 25bps drop. Doves Sarah Breeden, Swati Dhingra, Dave Ramsden, and Alan Taylor defied consensus predictions of a cozy 6–3 split; Bailey overruled hawks Clare Lombardelli, Catherine Mann, Megan Greene, and Huw Pill. Bailey requested "more proof" that September's 3.8% inflation spike was really dead, while Breeden flipped hawk-to-dov,e claiming restrictive policy is already strangling expansion for the first time, the BOE spilled personal MPC tea.
Abandoning its past fixation on sticky price pressures and noting to growing demand weakness and labor-market slack, the central bank finally admitted inflation hazards are "now more balanced." Still, Bailey's camp refuses to relax until hard data validates disinflation is locked in, contending wage growth and service inflation are still red-hot. Markets learned the message loud and clear: the BOE is one good CPI print from slashing, with December probabilities now climbing to around 60% for a 25bps drop.
Bottom line—today's knife-edge vote shouts "rate-cut countdown" formally begun. Bailey & Co. has teed up a possible pre-Christmas present for consumers, given that October and November inflation readings are predicted to drop and the Autumn Budget is scheduled on November 26. Buckle up: for a blockbuster December battle, the Old Lady of Threadneedle Street turned the heat to maximum.
