Bank of England warns that some global asset valuations appear stretched

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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsLONDON, Oct 10 - The Bank of England said on Tuesday that valuations for some financial assets appeared stretched, particularly for U.S. tech stocks and dollar-denominated corporate bonds.

The FPC continued to judge that Britain's banks and broader financial system remained resilient, and it held banks' counter-cyclical capital buffer - a risk management tool - unchanged at 2%. Some FPC members had argued for an increase in the rate, to boost banks' resilience at a time when loan losses were low, and the case for cutting it was also considered.

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