Global stock markets are too high and set to fall, says Bank of England deputy
Sarah Breeden said rising private credit losses and untested shadow banking could trigger a sharp adjustment in markets, which she called complacent.
- Bank of England Deputy Governor Sarah Breeden warned that global stock markets may decline.
- She said asset prices are at record highs despite significant economic risks, suggesting markets are overly optimistic.
- While not predicting timing, she indicated an eventual market correction is likely due to underestimated risks.
16 Articles
16 Articles
Bank of England expects market ‘adjustment’ as share prices underplay risk
A top Bank of England official has warned that global markets could fall even further with current share prices not reflecting the economic risks at play. Sarah Breeden, the Bank’s deputy governor for financial stability, said: “There’s a lot of risk out there and yet asset prices are ...
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