Bank of England Governor Andrew Bailey is under intensifying pressure to serve as a line of defense for rattled financial markets amid calls to hike interest rates aggressively, perhaps as soon as this week, after the new government’s tax-cutting spree. Economists at JPMorgan Chase & Co. and Citigroup Inc. now expect the central bank to lift rates by 75 basis points at its Nov. 3 meeting. Traders are pricing in a 100-basis point salvo and some see another massive increase in December. An analyst at Deutsche Bank AG said the central bank needed to act in coming days “to regain credibility with the market.” ... (full story)