ECB Can Front-Load Bond Purchases If Needed: Italy’s Visco

The transcript discusses the European Central Bank's (ECB) response to a market sell-off, focusing on the flexibility to frontload BTP purchases. It highlights the severity of the crisis in the euro area and the substantial package in place. The ECB is prepared to act quickly, with a program set to be implemented in the coming days. Future actions are data-dependent, and the ECB may adjust its purchases as needed. The discussion also covers the potential for more actions and the importance of addressing risks related to the widening of spreads.

What does the term 'frontload' refer to in the context of ECB purchases?

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What are the expected consequences of the crisis mentioned in the text?

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