Finance
Bank of England warns of ‘sharp correction’ in asset valuations due to private credit bubble
The British central bank said that climbing asset prices are not in keeping with weak economic outlook and rising interest rates
The Bank of England has issued a stark warning about the risk of threat posed by a crash in the non-bank financial sector, and said the chances of a “sharp correction” in asset prices have increased over recent months.
Officials from the bank’s financial policy committee, which monitors risks to the stability of the British financial system, issued a note on Wednesday ramping up warnings about private credit, debt levels among certain corporates and transparency ...