ECB chief says bank is ready to act in March if needed

BRUSSELS/FRANKFURT (Reuters) - The European Central Bank is ready to ease policy in March if the recent financial market turmoil or the long-term impact of low energy prices threatens to keep inflation persistently low, its president Mario Draghi said on Monday. "First, we will examine the strength of the pass-through of low imported inflation to domestic wage and price formation and to inflation expectations," Draghi told the European Parliament's Economic and Monetary Affairs Committee. "Secon