Should central bankers be in the business of saying that the stock market will fall or that private markets are in a credit crunch? In a BBC interview last week, Sarah Breeden, the Bank of England deputy governor responsible for financial stability, said: “There’s a lot of risk out there and yet asset prices are at all-time highs. We expect there will be an adjustment at some point.” This strikes me as mission creep.
Should central bankers be in the business of saying that the stock market will fall or that private markets are in a credit crunch? In a BBC interview last week, Sarah Breeden, the Bank of England deputy governor responsible for financial stability, … [517 chars]
Source: Bloomberg | Published: 2026-05-01T04:00:21Z
Credit: Bloomberg
