€STR

Interest rates - reference rates.

€STR is an acronym for Euro Short Term Rate.

It is administered by the European Central Bank (ECB), with formal publication from October 2019.

€STR is designed to reflect the wholesale euro unsecured overnight borrowing costs of euro area banks, and to complement existing benchmark rates produced by the private sector, serving as a backstop - or fallback - reference rate or primary reference rate.

€STR is also sometimes written as 'ESTER' or 'ESTR'.

See also

• Backstop
• Benchmark
• EONIA
• EURIBOR
• Euro area
• Euro LIBOR
• European Central Bank
• Fallback
• O/N
• Pre-€STR
• Reference rate
• RFR
• Risk-free rates
• SONIA

Other links

European Central Bank Euro short term rate