Weidmann: Relief from rate tiering would be negligible

He's also touching on ECB-related stuff in his speech in Frankfurt

• Potential relief through interest rate tiering would certainly be felt
• But ultimately, the effects would be negligible
• Says that it would probably be less significant than the additional burden from the shift in normalisation expectations to which this debate has led to

Yet another prominent name from the ECB governing council that is opposed to rate tiered interest rates. This feeds into the general idea that this proposal is pretty much dead on arrival as seen from other remarks here.