The CEOs of Germany's two largest listed banks on Wednesday warned that a f...
FRANKFURT - The CEOs of Germany’s two largest listed banks on Wednesday warned that a further cut in interest rates by the European Central Bank would risk serious side effects while having only minimal effect on the economy.
The stern message comes a week before an ECB policy meeting at which decision makers are leaning towards a stimulus package that includes a rate cut. Banks in Germany and across Europe have long complained about ECB policy which requires banks to pay to park their cash at the central bank, hurting their profits.
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