英国央行副行长莎拉·布里登表示，近期人工智能相关股票的抛售并非当前关切，因为看起来是有序的。
Bank of England Deputy Governor Sarah Breeden said the recent selloff in AI related stocks is not an immediate concern as it appears to be orderly.
布里登周二在伦敦一场会议上表示，人工智能公司股票和债务的重新定价“未必是我们应该担心的事情”。英国央行已警告数月，市场价格需要调整，因为估值过高。
At a conference in London on Tuesday, Breeden said the re-pricing of equity and debt for artificial intelligence companies is “not necessarily something we should be worried about.”The BOE has been warning for months that market prices would need to adjust because valuations overreached.
布里登负责金融稳定事务，她表示，如果调整能让“市场回到或许更符合经济增长、盈利等前景的水平”，那将是受欢迎的。
An adjustment would be welcome if it brings “markets to levels that are perhaps more consistent with the outlook for economic growth, profitability, and the like,” Breeden, who is deputy governor for financial stability, said.
上周，美国股市录得自2025年4月以来最大周跌幅，原因是担忧美国立法者将推动通过减缓人工智能和数据中心建设的监管。周二，英国央行最高监管官凯瑟琳·布拉迪克告诉彭博社，英国银行正在削减对该领域的敞口。
US stocks posted their biggest weekly drop since April 2025 last week on fears that US lawmakers would push through regulations that slow the AI and data center build out. On Tuesday, the BOE’s top regulator Katharine Braddick told Bloomberg that UK banks are trimming their exposure to the sector.
布里登表示，英国央行更担心的是“价格调整导致金融市场行为似乎放大冲击”的风险。目前，该行正在调查私人市场，而非特别针对人工智能。
Breeden said the BOE is more concerned about the risk that an “adjustment in prices leads to financial market behaviors that look to amplify shocks.”It is currently investigating private markets rather than AI in particular.
私人市场相对不透明，该行正在进行一项“旨在探究正在发生什么的练习”，她表示。英国每10名员工中就有1人为与私募股权相关的公司工作，15%的企业债务在私人市场，布里登补充道。
Private markets are relatively opaque and the bank is doing an “exercise designed to explore what’s happening,” she said. One in 10 employees in the UK works for a company associated with private equity and 15% of corporate debt is in private markets, Breeden added.
总体而言，英国私营部门对飙升的能源价格以及上升的成本和税收表现出比预期更强的韧性，因为它已学会适应反复的供给冲击，布里登补充道。
In general, the UK private sector has proved to be more resilient than expected to soaring energy prices and rising costs and taxes because it has learned to adapt to repeated supply shocks, Breeden added.
“在英国，我想说，最让我们感到惊讶的是企业如何适应冲击。它们习惯于必须保持灵活——成本在这里上升，就要在别处削减成本。”通过吸收冲击，企业减缓了对通胀的传导，但布里登警告称，它们无法完全在利润率上承受打击，因此“其中一些方面将证明是有限的”。她说，问题在于价格是上涨还是需求减弱。
“In the UK, I would say that the thing that has surprised us the most is how firms have adapted to the shock. They are used to having to be agile - have costs go up here, reduce costs somewhere else.”By absorbing the impact, firms have slowed the pass-through to inflation but Breeden warned they won’t be able to take the hit completely on their profit margins so “aspects of this will prove to be finite.”The issue then is whether prices rise or demand weakens, she said.
英国央行上周将利率上调四分之一个百分点至4%，同时警告称，通胀将在2027年达到约5%，超过其2%目标的两倍多。其货币政策委员会警告称，利率可能至少还要再上调一次，才能抑制消费者价格增长。
The BOE last week raised rates a quarter point to 4% as it warned inflation would hit around 5% in 2027, more than twice its 2% target. Its Monetary Policy Committee warned that rates may have to rise at least once more to tame consumer price growth.
在接受《卫报》采访时，负责货币政策的副行官克莱尔·隆巴德利表示，另一次四分之一个百分点的加息可能早在12月就有必要。“每次会议对我们来说都是有效的。12月，你知道，当然是有可能的，”她说。
Speaking to the Guardian newspaper, Deputy Governor for Monetary Policy Clare Lombardelli said another quarter-point hike could be warranted as early as December. “Every meeting is live for us. December is, you know, it’s certainly plausible,” she said.
“我认为这取决于我们在冲突和能源价格方面看到什么，也取决于我们在更广泛的数据中看到什么，以及所有这些如何结合在一起。但我不会排除这种可能性。同样，我目前还没有足够的信息。”
“I think it depends what we see on the conflict and the energy prices and it depends what we see in the wider data and how all that fits together. But I wouldn’t rule it out. Equally, I don’t have enough information just yet.”