Interesting take from the Bank of England's Megan Greene today. She's basically saying the job market isn't cooling down enough yet for her to support cutting rates again.

This matters because central bank policy directly impacts risk assets. Tighter labor markets mean wage pressure, which keeps inflation stubborn—and that means rates stay higher for longer. Not exactly the environment where traditional finance gets comfortable pumping money into crypto.

Greene's stance suggests the BoE might hold firm on rates even as other central banks pivot. For anyone watching global liquidity flows, this is worth tracking. When major economies keep rates elevated, it constrains the capital available for speculative plays across all markets, digital assets included.

The labor data she's watching will likely dictate the next move. Until employment softens and inflation truly cools, don't expect policy relief anytime soon.