On May 25, Deutsche Bank CEO Christian Sewing said on May 23 local time that the European Central Bank should continue to raise interest rates to curb inflation.
Zewin said that high inflation is a “poison” that endangers the operation of the economy and must be removed as soon as possible.
He also introduced that currently 30% of Deutsche Bank’s customers have felt the pressure of high inflation, and their income is not enough to cover daily expenses, so they have to use their savings.
On the same day, Bundesbank President Nagel also said that the European Central Bank should continue to raise interest rates despite the pressure on Germany’s economic recovery.