Centro de Documentación de Fundación MAPFRE - The Central Bank "put": with tighter financial conditions the goal, underwriting discipline is key

Publication: Adliswil, Swiss : Swiss Re Institute, 2022Physical description: 2 pSeries: (Economic insights ; Issue 22/2022)Notes: Sumario: Not all central banks puts are created equal. Relative to prior episodes of monetary tightening, today's inflation level and momentum inhibits a significant central bank pivot towards more accommodative policies. We believe the central bank "put" does still exist in case of severe financial market malfunctioning, but volatility and tighter financial conditions are currently the central bank objective and not a reason to cave in. For insurers, tighter financial conditions reinforce the need for underwriting disciplineMateria / lugar / evento: Mercados financieros Inflación Mercado de seguros Suscripción de riesgos Secondary series: Economic Insights Other categories: 214