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
€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.