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