BlockBeats News, December 18: Tonight, the U.S. November CPI will be announced. Due to the impact of the previous government shutdown and holiday factors, the data collection period for this inflation data is significantly shortened and highly concentrated, making it difficult to fully reflect the inflation trend. The market expects the year-on-year November CPI to be around 3.1% and the core CPI to be around 3.0%. However, many institutions have warned about the reliability of the data, as tariff factors still pose potential upward pressure on commodity prices. Interpretations need to be cautious.On the same evening, the Bank of England is highly likely to announce a 25 basis point rate cut to 3.75%. The recent rapid decline in inflation, weakening economy, and employment conditions have significantly increased the likelihood of Governor Bailey shifting towards a dovish stance. The market has priced in over 90% probability of this rate cut, but it is also widely believed that the rate cut cycle in the UK is approaching its end, with limited future policy space.In contrast, the European Central Bank is expected to stand pat. Eurozone economic data has been better than expected, with inflation stable near the target. The market focus is shifting from "whether to cut rates" to "whether to end easing," and there is even discussion about the possibility of medium- to long-term interest rate hikes. However, the threshold for short-term policy adjustments remains high.Bitunix Analyst: Against the backdrop of distorted U.S. data, the UK entering a rate cut phase, and Europe trending towards a neutral to slightly hawkish stance, global monetary policy divergence is becoming more pronounced. For the crypto market, short-term volatility will be more driven by macroeconomic expectations spread and liquidity pricing, rather than by individual data points. It is necessary to closely monitor the U.S. dollar trend and changes in risk asset sentiment.