The European Central Bank is ready to boost its stimulus in March if needed, but central bank action shouldn't be seen as a "magic wand" to solve problems in the eurozone's economy, a member of the ECB's Governing Council said. In an interview with The Wall Street Journal on Thursday, Bostjan Jazbec, the head of Slovenia's central bank, warned against reacting too hastily to developments that might be temporary. "If necessary we would act," said Mr. Jazbec referring to the central bank's next monetary policy meeting on March 10th. "But defining what is necessary would definitely come after the thorough analysis of ... (full story)