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Draghi Hits Back at Deutsche Bank’s Blasting of Negative Rates

  • ECB president says costs affect profit more than rates
  • Deutsche Bank CEO had said negative rates ruin finance
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ECB's Draghi on QE, Deposit Rate, Economy, Inflation: Statement
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European Central Bank President Mario Draghi hit back at criticism of his institution’s negative interest rates by Deutsche Bank AG and other major lenders, saying they should focus on cost reductions and technology instead of getting worked up over monetary policy.