Global Asset-Bubble Concerns are ‘Premature,’ Fitch Advises

(Bloomberg) -- Concern that global prices of shares and property have risen to unsustainable levels is “premature” and spare production capacity will help contain inflation, said David Riley, head of global sovereign ratings at Fitch Ratings. The Federal Reserve, the European Central Bank and the Bank of England last week moved to unwind some of the emergency steps they took to rescue the world economy from its sharpest slump since the Great Depression. U.K. Chancellor of the Exchequer Alistair Darling said Nov. 6 the Group of 20 nations should develop a way to tackle asset-price bubbles as the world’s leading economies recover.

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