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Home > Finance > Bank of England's Ramsden says will be vigilant towards greater risk-taking

Finance

Bank of England's Ramsden says will be vigilant towards greater risk-taking

Published by Global Banking and Finance Review

Posted on December 9, 2024

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LONDON (Reuters) - The Bank of England will be vigilant over the possibility that investors will take greater risks after a year of relative stability in markets, Deputy Governor Dave Ramsden said on Monday.

"I am also mindful that whilst this has been a year of relative stability, that is never a sign that we should get complacent," Ramsden said in the text of a speech he was due to deliver at the Official Monetary and Financial Institutions Forum, a think tank.

"As famed economist Hyman Minsky once said, 'stability breeds instability' and the comparatively calmer market conditions of this year could lead to greater risk-taking in future," Ramsden added.

(Reporting by William Schomberg and Andy Bruce; editing by Sarah Young)

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