ECB's Coeure sees no argument for tiered deposit rate - FAZ
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BERLIN (Reuters) - European Central Bank board member Benoit Coeure sees no reason for creating a tiered deposit rate that exempts banks from part of an ECB charge on their idle cash, he said in an interview published on Tuesday.Coeure argued that lenders should focus on their costs rather than blame the ECB's negative rate for their low profits and hinted that the upcoming round of multi-year loans to banks should not be as generous as the previous edition."At the current juncture, I do not see..