Pimco's Veit: Tapering Is a Misnomer When It Comes to ECB

The transcript discusses the economic outlook, focusing on growth and inflation forecasts. It examines the European Central Bank's (ECB) asset purchase strategy, including tapering and quantitative easing (QE) plans. The ECB's monetary policy and fiscal strategy are analyzed, highlighting differences between the US and Europe. Interest rate and yield projections are explored, with comparisons to the Federal Reserve. Finally, investment opportunities in Europe, particularly in bonds and spreads, are identified.

What are the implications of the ECB's current asset purchase program on inflation targets?

How does the ECB's approach to tapering differ from that of the Fed?

In what ways might the ECB's strategy review impact its future monetary policy?

What factors contribute to the differences in fiscal policy between the US and Europe?

What opportunities exist in the European bond market according to the discussion?