European Central Bank 'to review monetary policy stance at March meeting'

The European Central Bank (ECB) is ready to take action if plunging oil prices and weaker growth in China hurt the economy, ECB president Mario Draghi has told rattled investors.

The chief monetary authority for the 19 countries that use the euro currency left its key interest rates untouched and did not ramp up its existing €1.5 trn monetary stimulus programme.