GMT The European Central Bank remains willing and able to act but won't be in any rush to do so at its meeting in January, say Nordea chief strategist Jan von Gerich and chief European economist Holger Sandte. They see March as better timing for more action. "Despite the plunge in oil prices, longer-term inflation expectations have not fallen to new lows," they say, adding that the door will be left wide open for more measures at the March meeting, but no firm signals about imminent easing are likely to be in store. The ECB's next rate-setting meeting is on Jan. 21.