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

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FRANKFURT (Reuters) – Deutsche Bank (DE:DBKGn) 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.