ECB's Rehn: Not very convinced of effectiveness of tiered interest rates

The idea of tiered rates looks to be dead on arrival

Yeah, it's about time we move on to something else than debate this issue. Some comments over the past few weeks on the matter:

• ECB skeptical about tiered deposit rate - report
• ECB's Coeure: Negative interest rates are not the biggest problem
• Praet says that ECB needs a solid monetary policy case for tiered rates
• ECB's Knot: ECB should refrain from tiering deposit rate