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Deutsche Bank CEO says we must not underestimate inflation -RTL/ntv

Reuters
The logo of Deutsche Bank is seen in Brussels

BERLIN (Reuters) - Deutsche Bank chief executive Christian Sewing on Wednesday said he hoped central banks would keep raising interest rates, warning that inflation should not be underestimated.

He saw inflation at around 7% in Germany and Europe this year and hoped this would ease to under 5% next year.

"For God's sake we mustn't underestimate inflation," Sewing told broadcaster RTL/ntv on the sidelines of the World Economic Forum in Davos, Switzerland.

(Writing by Matthias Williams, Editing by Miranda Murray)