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Bank of England may delay base rate cut due to Taylor Swift concertTaylor Swift will influence the Bank of England's decision on the key rate. As reported by CNBC, citing experts, the English regulator may postpone lowering the base interest rate due to the upcoming concerts of the American pop diva. The reason is the likely rise in inflation.
In total, Swift will have 15 performances in Britain, five of them in London. Previously, Barclays bank analysts predicted that they would bring the country’s economy $1 billion 270 million, writes CNBC. And, according to Western experts, this may be enough to lower interest rates in September.
INSIDER | UK News