ECB announces start date for euro short-term rate (€STR)

14 March 2019

The first €STR will be published on 2 October 2019. The ECB will provide one-off computation of spread between €STR and EONIA.

The European Central Bank (ECB) will start publishing the €STR as of 2 October 2019, reflecting the trading activity of 1 October 2019.

Additionally, the ECB is ready to further support private sector efforts in the transition away from the euro overnight index average EONIA and will provide the computation of a one-off spread between the €STR and EONIA, which was requested by the Working Group on Euro Risk-Free Rates.

The spread will be calculated by the ECB according to the methodology publicly recommended by the Working Group on Euro Risk-Free Rates.

The resulting spread will be communicated on the day on which the change in the methodology of EONIA is announced. It will be based on the pre-€STR and EONIA data as publicly available.

Press release


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