Deutsche CEO: ECB ease worrying

|About: Deutsche Bank AG (DB)|By:, SA News Editor

The ECB's move to further cut rates (including taking the deposit rate into negative territory) and prep for QE may remove the incentive for reform in the EU, suggests Deutsche Bank (DB) co-CEO Anshu Jain in a rare critique of a central bank by a leading banker.

"I do worry that the ECB may be creating preconditions that are taking the pressure off," he says, adding that while QE worked well in the U.S., Europe could be a different story.