Taylor Swift’s record-breaking Eras Tour continues to weigh heavily on consumer spending as it enters its UK leg, suggesting the Bank of England may not be out of the woods in the fight against inflation.
With hundreds of thousands of dedicated Swifties flocking to London in August to see the singer during her final UK days, an economic boost could be enough to reverse September’s interest rate cut, according to investment bank TD Securities.
“We still expect BoE cuts in August, but inflation data for that month may keep the MPC (Monetary Policy Committee) suspended in September,” said the bank’s chief strategist, Lucas Krishan, and its head of global programs, James Rossiter. , he wrote in a letter on Friday.
Here’s another from CNBC, via D. And recently Taylor Swift’s fans caused a seismic activity at the Edinburgh show.
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