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€STR, the new interbank rate that replaces EONIA: explanation

  • 25.10.2019

STR, pronounced Ester (for euro short-term rate), was implemented on 2 October 2019, based on the methodology used by the European Central Bank (ECB). It will progressively replace the EONIA interbank rate, used as a benchmark rate for the short-term financing of European companies.

What is €STR?  

€STR is a benchmark interbank rate, published for the first time on 2 October 2019, based on the methodology of the European Central Bank (ECB).

Photo credit ©Dan Race

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