(ANSA) - BRUSSELS, MARCH 20 - "We are closely monitoring market developments and are ready to respond if necessary to preserve price stability and financial stability in the euro area. The euro area banking sector is resilient, with strong capital positions and liquidity. In any case, the ECB's policy toolbox is fully equipped to provide liquidity support to the euro area financial system, if needed, and to maintain the smooth transmission of monetary policy".
The president of the ECB Christine Lagarde says it in her speech to the Econ Commission of the European Parliament.
(HANDLE).