FILE PHOTO: A logo of a branch of Germany’s Deutsche Bank is seen in Cologne, Germany, July 18, 2016. REUTERS/Wolfgang Rattay
February 8, 2022
FRANKFURT (Reuters) – Deutsche Bank Chief Executive Officer Christian Sewing on Tuesday said that the European Central Bank will need to raise interest rates to stem inflation expectations.
Sewing, who has long been pushing for a change in ECB policy, said that inflation levels mean that the ECB “will have to follow suit” after the U.S. Federal Reserve raises rates in March, as widely expected.
(Reporting by Tom Sims and Frank Siebelt; Editing by Alison Williams)
Source: One America News Network
