Hmmm... the chief of the Financial Conduct Authority is warning that a sustained period if high #interestrates may lead to a crisis of value for 'private assets';

well we're already seeing this in the #hoisingmarket (for others its a welcome decline in prices), but once this starts to play out in other (more elite-dominated) markets, the BoE's MPC might find they are being pulled aside & quiet words had about their resistance to lowering rates;

the 1% don't want to see *their* assets deflate!