Bank of Englands 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.

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