ESTER: Difference between revisions
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ESTER is an acronym for Euro Short TErm Rate. | ESTER is an acronym for Euro Short TErm Rate. | ||
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019. | |||
ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop reference rate. | ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop reference rate. | ||
To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019. | |||
Revision as of 16:27, 3 April 2019
Interest rates - reference rates.
ESTER is an acronym for Euro Short TErm Rate.
It is administered by the European Central Bank (ECB), with formal publication scheduled from October 2019.
ESTER is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop reference rate.
To assist transition, it is currently published as 'pre-ESTER' in the period up to October 2019.
ESTER is also sometimes written as €STR, using the € symbol.
