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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Stock markets will fall, Bank of England deputy governor says

Sarah Breeden Bank of England Stock Market Russ Mould United States
Sarah Breeden
Sarah Breeden, deputy governor for financial stability at the Bank, told the BBC: ‘There’s a lot of risk out there.’ Photograph: Benjamin Cremel/Reuters

Record-high global stock markets do not reflect the risks in the global economy, and will fall back, a deputy governor at the Bank of England has said.

Sarah Breeden, the deputy governor for financial stability at the Bank, fears that macroeconomic risks are not fully priced into equity markets. She cited concerns about private credit markets, highly valued artificial intelligence stocks, and other “risky valuations”.

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