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.
"Swiftflation" or"Swiftonomics" refers to an uptick in consumer spending, particularly on hotels and restaurants, around the singing sensation's tour dates. "We still anticipate a BoE cut in August, but the inflation data for that month might keep the MPC on hold in September," the bank's macro strategist Lucas Krishnan and head of global macro strategy James Rossiter wrote in a note Friday.The Bank of England is expected to soon begin lowering its Bank Rate from a 16-year high of 5.
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 servicesEdinburgh, Scotland, where the Grammy winner began her U.K. leg earlier this month, said that the concerts and associated spending had added up to an estimated
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ryan Reynolds Address Those Taylor Swift MCU RumorsTaylor Swift in Taylor Swift: The Eras Tour
Read more »
Liverpool to Transform Into ‘Taylor Town’ Ahead of Taylor Swift’s Eras Tour ShowsTaylor Swift's upcoming Eras Tour shows have inspired the city of Liverpool to temporarily become 'Taylor Town.' Get the details.
Read more »
Taylor Swift's London Eras Tour could delay Bank of England rate cut, analysts sayTaylor Swift's record-shattering Eras Tour is continuing to supercharge local economies during its U.K. leg, potentially impacting future interest rates.
Read more »
Taylor Swift says 'most wonderful' Eras Tour will end in DecemberIn an emotional speech during the 100th show of her record-breaking tour on Thursday night, the megastar confirmed that her current musical voyage would come to an end this year.
Read more »
Taylor Swift says Eras Tour will end in DecemberTaylor Swift's long-running and history-making Eras Tour is coming to an end at the end of the year.
Read more »
Taylor Swift says 'most wonderful' Eras Tour will end in DecemberIn an emotional speech during the 100th show of her record-breaking tour on Thursday night, the megastar confirmed that her current musical voyage would come to an end this year.
Read more »