ECB changes the acronym for its euro short-term rate

12 March 2019

“ESTER” acronym to be replaced with “€STR” with immediate effect.

The European Central Bank (ECB) has decided to change the acronym of its overnight rate from “ESTER” to “€STR”.

Technical preparations for using the euro short-term rate can start.

Also final preparations for market transition to ECB rate can begin.

Press release

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