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02 March 202023.50 The ECB is ready "to take appropriate and targeted measures, if necessary, and commensurate with the risks" to face the coronavirus emergency. This is what we read in a Eurotower press release, which follows "closely" the developments and implications for the economy, medium-term inflation and the effects on monetary policy. "The coronavirus epidemic is a rapidly changing situation that creates risks for the economic outlook and the functioning of the financial markets," says the note.