Bank of England's Ramsden sees potential risk in asset valuations
Bank of England Deputy Governor Dave Ramsden said on Monday there was a risk that investors were overvaluing riskier assets, given the likelihood of low economic growth in future.
"There is a risk that there is a kind of inconsistency there," Ramsden said in response to a question after giving a speech in London. "Are those valuations taking account of those potentially weaker growth prospects?"
Ramsden said he had previously flagged his view that there might be a vulnerability in the valuation of riskier assets.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.