€STR, the new interbank rate that replaces EONIA: explanation
€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?
Photo credit ©Dan Race
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