ECB's Rehn: Recent ECB policy actions were necessary and proportionate

Comments by ECB governing council member, Olli Rehn
– The danger of deflation has reemerged
– We won't opt for early withdrawal of policy
– It is better to be safe than sorry in this case
The continuous mention of 'proportionate' from ECB policymakers is part of the script to reaffirm that their actions are fitting as opposed to