PRESS RELEASE

ECB changes the acronym for its euro short-term rate

12 March 2019

  • “ESTER” acronym to be replaced with “€STR” with immediate effect
  • Final preparations for market transition to ECB rate can begin

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.

For media queries, please contact William Lelieveldt, tel.: +49 69 1344 7316.

NOTES

More information about the euro short-term rate can be found on the ECB’s website.

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