Taylor Swift's record-shattering Eras Tour is continuing to supercharge local economies during its U.K. leg, potentially impacting future interest rates.
Taylor Swift 's record-shattering Eras Tour is continuing to supercharge local economies as it enters its U.K. leg.
Taylor Swift performs on stage during during "Taylor Swift | The Eras Tour" at Anfield on June 13, 2024 in Liverpool, England.LONDON — Taylor Swift's record-shattering Eras Tour is continuing to supercharge consumer spending as it enters it U.K. leg, suggesting that the Bank of England may not be out of the woods yet in its fight against inflation.
The Bank of England is expected to soon begin lowering its Bank Rate from a 16-year high of 5.25%, with all but two of 65However, a possible clash between one of Swift's August tour dates and a key inflation index day could skew the data enough to make the bank rethink its path, the analysts said. The economic impact of Swift's sell-out tour has been well-documented, with terms such as "Swiftflation" and "Swiftonomics" emerging to refer to the spike in spending on services
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