Visco: Flexibility Should Remain Part of ECB's Toolkit

The transcript discusses the European Central Bank's (ECB) approach to flexibility in its asset purchase programs, particularly the Pandemic Emergency Purchase Programme (PEP). It highlights the benefits of flexibility in responding to emergencies and maintaining economic stability. The discussion also touches on future considerations, such as potentially raising the limit on debt purchases from international bodies, with decisions expected in December. The ECB's Governing Council remains open to adapting based on economic developments.

How does the speaker describe the current economic condition in relation to flexibility?

What does the speaker imply about the decision-making process of the Governing Council?