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PIMCO Blog

ECB Preview: Expect Emphasis on Forward Guidance, Continued Tapering

ECB Preview: Expect Emphasis on Forward Guidance, Continued Tapering

Our central expectation for the European Central Bank (ECB) meeting on 26 October is for the Governing Council to extend asset purchases by nine months at €30 billion per month to September 2018, without yet committing to a specific end date, while strengthening its commitment to keep policy rates and the balance sheet unchanged when asset purchases end next year.

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Andrew Bosomworth

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.