Stock markets will fall, Bank of England deputy governor says

Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocks

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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 warned.

Sarah Breeden, deputy governor for financial stability at the Bank, fears that macroeconomic risks are not fully priced into equity markets.