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Deutsche Bank CEO says the ECB will have to raise rates to stem inflation

Deutsche Bank CEO says the ECB will have to raise rates to stem inflation
Deutsche Bank CEO says the ECB will have to raise rates to stem inflation   -   Copyright  Thomson Reuters 2022
By Reuters

FRANKFURT – 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.