Ignazio Visco Says ECB Will `Certainly' Act to Support Growth if Needed

The transcript discusses the monetary policies of the Federal Reserve and the European Central Bank (ECB), focusing on potential rate cuts and bond purchases. It highlights the ECB's commitment to maintaining low interest rates to support economic stability and the revival of demand and inflation. The impact of global uncertainties, such as the US-China trade war, on these policies is also examined. Additionally, the need for complementary fiscal and structural policies across different countries is emphasized to ensure economic resilience.

What are the implications of maintaining interest rates at very low levels for a longer time?

What role do fiscal policies play in complementing the ECB's monetary policy according to the speaker?