Economics
ECB Bond Buying May Last for Years, Says Pimco Money Manager
- Central bank may increase regular purchases as PEPP winds down
- Governing council flags ‘moderately lower pace’ of bond buying
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The European Central Bank will probably continue buying assets for years to come, according to a portfolio manager at Pacific Investment Management Co.
The central bank may end net purchases under its its pandemic bond-buying program in 2022, but then increase purchases under its its regular asset program, Konstantin Veit said in a statement.