Davos Latest News Jan. 19, 2023

European Central Bank President Christine Lagarde vowed to continue the fight to rein in inflation, which she said is “way too high,” adding a note of caution to a generally upbeat gathering of the global elite in Davos.

Deutsche Bank CEO Christian Sewing was supportive of the ECB’s efforts, calling surging consumer prices “poison” for the economy, and said he wasn’t concerned about monetary policy going too far with raising interest rates.

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