#数字资产市场观察 The expectations for the Bank of England to cut interest rates are brewing in the market.

Chancellor of the Exchequer Rachel Reeves recently launched a series of measures—a freeze on train fares, an extension of fuel tax relief, and a reduction in energy bills. These measures are expected to directly cut inflation expectations by 0.5 percentage points in the second quarter of next year. As soon as the news broke, traders began to bet wildly: the probability of an interest rate cut in December soared to 91% in the overnight market. Both the pound and the bond market stirred, and the trumpet of the easing cycle seems to have been sounded.

$BNB may benefit from this liquidity expectation in the short term for risk assets.

However, the warnings from economists cannot be ignored. Structural inflation remains a tough nut to crack— the aftershocks of the energy crisis are still unresolved, and the wage spiral continues to drive up costs. These factors are like a thorn stuck in the throat of policy. "Don't celebrate too early," this phrase may be closer to the reality of the script.

Reality simulation: In the short term, interest rate-sensitive assets are likely to continue their frenzy; however, in the medium to long term, once inflation data fluctuates, the Central Bank's attitude may shift at any time. Retail investors should remember to set proper stop-losses when chasing the rise and keep a close eye on core PCE data - that is the true "magic mirror".