Taylor Swift's Eras Tour has not only brought economic benefits to Singapore, but has now also spread to the UK. The whirlwind is so strong that it may even affect the interest rate decision of the Bank of England.
The Bank of England is expected to announce its monetary policy decision on Thursday (June 20). Although many market analysts generally believe that the Bank of England is on the "edge" of lowering interest rates, they believe that this time the Bank of England should continue to maintain the benchmark interest rate target unchanged. And this time there is an interesting "resistance", which is Taylor Swift.
This summer, an estimated 1.2 million Swifties from around the world will gather in the UK to watch the superstar on her 15-show tour. Taylor's concerts have boosted the economy in Singapore and other places she has visited. In order to catch a glimpse of her, fans will compete for hotel rooms in concert cities in addition to concert tickets. This will push up inflation in the UK, making the central bank hesitant to cut interest rates rashly.
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