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Bank of England's Breeden: Iran war could spark financial crisis
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Bank of England's Breeden: Iran war could spark financial crisis
The energy crisis set off by Donald Trump’s war in Iran has made a financial crash more likely, according to the Bank of England’s financial stability chief, who warned that private credit, sky-high sovereign debt and stock market exuberance posed salient threats to the global economy. Sarah Breeden, the central bank’s deputy governor for financial stability, branded the closure of the vital Strait of Hormuz shipping lane “the worst energy shock…
·London, United Kingdom
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