LONDON (Reuters) - 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.
Writing by William Schomberg; editing by John Stonestreet