ECB to launch new overnight rate €str on Oct 2
FRANKFURT, March 14 (Reuters) - The European Central Bank
will launch its new overnight interest rate of bank-to-bank
lending, called €str, on Oct. 2, the ECB said on Thursday.
"The European Central Bank (ECB) will start publishing the
€STR as of 2 October 2019, reflecting the trading activity of 1
October 2019," the ECB said.
"Additionally, the ECB ... 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."
(Reporting by Francesco Canepa;
Editing by Alison Williams)
004906975651247; Reuters Messaging:
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