The Spotlight | Don’t count on the central bank put
The persistence of inflation in the context of rising social tensions and wage pressures increases the risk of policy overshooting. Meanwhile, recession risks continue to grow, says Vincent Chaigneau, Head of Research at Generali Insurance Asset Management. Don’t rush to re-risk portfolios just yet. In this podcast, Vincent explains why, although we are approaching an inflexion point in the pace of monetary tightening, that may not be enough to trigger a strong and sustained reversal in real long-term rates and market sentiment.