Find out what our experts are saying.
Timely insights on global markets and macroeconomics
Shareholder Services 6AM - 4PM PST
PIMCO Asia Limited
Suite 2201, 22nd Floor
PIMCO Europe Ltd
(Registered in UK and Wales, Company No. 2604517)
TEL: +44 (0) 20 3640 1000
FAX: +44 (0) 20 3640 1007
Shareholder services 9AM to 5PM
TEL: +44 (0) 20 3640 1407
PIMCO Europe Ltd - Italy
(Iscritta al Registro delle Imprese in Italia al n. 07533910969)
TEL: +39 02 9475 5400
FAX: +39 02 9475 5402
PIMCO Deutschland GmbH (Registriert in Deutschland, Firmennr. 192083)
TEL: +49 89 26209 6000
FAX: +49 89 26209 6005
TEL: +1 212-776-1500
FAX: +1 212-776-1520
TEL: +55 (21) 3956-5800
FAX: +55 (21) 3956-5815
PIMCO Asia Pte. Ltd
(Registration No. 199804652K)
TEL: 65 6491-8000
FAX: 65 6538-2700
PIMCO Australia Pty. Ltd
ABN 54 084 280 508
AFS Licence 246862
PIMCO Canada Corp.
TEL: +1 416 368 3350
FAX: +1 416 368 3576
PIMCO (Schweiz) GmbH
(Registered in Switzerland, Company No.
TEL: +41 44 512 49 10
You have not saved any content. None of the information on this page is directed at any investor or category of investors.
We do not interpret Draghi’s speech as a hawkish change in policy.
Although we expect no change at Thursday’s meeting, the coincidence of robust economic growth and a technical limit on government bond holdings should force the ECB to taper QE early next year.
The risk of redenomination, remote as it is, still complicates the European Central Bank’s exit from quantitative easing.
There is a strong case for the ECB to continue tapering its QE programme, to alter its forward guidance and to begin normalising policy rates.
PIMCO interprets the ECB’s decision to lower the asset purchase rate as acknowledgement that 2% is an ambitious inflation target to achieve.
Load 5 more results
Head of Portfolio Management, Germany
Mr. Bosomworth is a managing director in the Munich office and head of PIMCO portfolio management in Germany. Prior to joining PIMCO in 2001, he worked at the European Central Bank, Merrill Lynch and at New Zealand’s Debt Management Office. He has 23 years of investment experience and holds a master's degree in economics from the University of Canterbury, New Zealand. He also graduated from the Advanced Studies Program in International Policy Research at the Kiel Institute in Germany.