September 4, 2019 / 8:04 AM / 14 days ago

Deutsche Bank CEO warns of serious side effects to ECB rate cut

FRANKFURT, Sept 4 (Reuters) - Deutsche Bank Chief Executive Officer Christian Sewing warned on Wednesday that a further reduction in interest rates by the European Central Bank would have a marginal effect on the economy and would risk serious side effects.

Sewing, speaking at a banking conference, said his bank's customers say that they would not invest more if credit were 0.10 percentage points cheaper.

Reporting by Tom Sims Editing by Michelle Martin

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