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On November 10, Bank of England Deputy Governor Sarah Breeden said the recent sell-off in AI-related stocks is not an urgent concern, as it appears to be proceeding in an orderly manner. Speaking at a conference in London, Breeden said the repricing of AI companies' equity and debt "is not necessarily something to worry about." The Bank of England has for months been warning that market valuations are too high and need adjustment, and that such an adjustment would be welcome if it brings the market more in line with prospects for economic growth and profitability. As the deputy governor responsible for financial stability, Breeden said the Bank of England is more concerned about "the risk that a price adjustment triggers behavior in financial markets that amplifies the shock." The Bank of England is currently examining private markets, though not specifically targeting AI.
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