23January2018EMLocalRatesMonitor________________________________________________________________________________________________________________DeutscheBankAG/LondonDISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.EMLocalRatesMonitorKeyEconomicForecasts..........................................................................................................................................................................................................................................................................................1EMFixedIncomeTradeRecommendations..........................................................................................................................................................................................................................................................3MarketOverview......................................................................................