Pacific Investment Management Co (PIMCO) is preparing for a 'harder landing' while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told the Financial Times in an interview published on Sunday.
The offices of Pacific Investment Management Co are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake/File Photo
July 2 - Pacific Investment Management Co is preparing for a "harder landing" while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told the Financial Times in an interview published on Sunday. "The more tightening that people feel motivated to do, the more uncertainty around these lags and the greater risk to more extreme economic outlooks," Ivascyn told the FT, noting that when rates have risen in the past, a lag of five or six quarters for the impact to be felt has been "the norm".Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar Anantharaman
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