Deutsche Bank CEO calls on ECB to rethink policy in light of inflation

FILE PHOTO: Christian Sewing, Chief Executive Officer of Deutsche Bank
FILE PHOTO: Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. REUTERS/Denis Balibouse/File Photo

October 13, 2021

FRANKFURT (Reuters) – Deutsche Bank’s chief executive Christian Sewing on Wednesday called on the European Central Bank to rethink its ultra-loose monetary policy in light of new inflation risks.

Policy makers should “openly discuss ways out to exit the current state of emergency,” Sewing said, speaking as head of a lobby for Germany’s private banks.

(Reporting by Tom Sims, editing by Thomas Escritt)