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BoE Deputy Warns Overvalued Markets, Private-Credit Crunch Looms

4/24/2026

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Summary

Story summary

Deputy Governor Sarah Breeden warned that global stock markets are overvalued and could fall.
She said asset prices sit at all-time highs despite risks, with private-credit lending rising to $2.5 trillion over the last 15-20 years and creating a private-credit crunch risk.
She added the Bank of England must keep system resilient, not forecast market timing, as FTSE 100 stays within 5 % of its record and U.S. markets hit AI-driven tech highs.

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Story summary

Deputy Governor Sarah Breeden warned that global stock markets are overvalued and could fall.
She said asset prices sit at all-time highs despite risks, with private-credit lending rising to $2.5 trillion over the last 15-20 years and creating a private-credit crunch risk.
She added the Bank of England must keep system resilient, not forecast market timing, as FTSE 100 stays within 5 % of its record and U.S. markets hit AI-driven tech highs.