Euro short-term rate (€STR)

Source: ECB Data Portal, EST.B.EU000A2X2A25.WT (euro short-term rate). Licence: ESCB statistics reuse policy: free reuse with attribution; do not modify (Source: ECB statistics) (terms). Files: data/raw/ecb-estr.csv.

Reading this series

The euro short-term rate, or €STR, is the euro area's unsecured overnight borrowing benchmark, based on transactions reported by banks. The ECB publishes it from its Data Portal as series EST.B.EU000A2X2A25.WT, and the series begins on 1 October 2019. The ECB administers and publishes €STR but does not set it: it is a market rate that tracks overnight euro funding conditions, so it moves daily and is not stepped.

The headline is the latest daily print; the chart and long-run statistics use month-ends so the browser is not asked to draw every observation. Read the headline with its as-of date, then the "versus the previous reading" line for the direction of the last change. Mean, median, low and high are arithmetic summaries of the observations in this build, not official aggregates. Chart and Table show the same series two ways, the range buttons shorten the window without recalculating, and Explore adds zoom and pan on request. €STR is not the deposit facility rate, and neither is a mortgage or deposit rate.

About this desk

The Australia desk leads with the RBA's cash rate target, then New Zealand's OCR and the US federal funds rate, with the rest of the build's series after them. The cash rate is the RBA board's policy target for the overnight money market, published in the F1 daily and F1.1 monthly tables; the page uses the daily target for the headline and the monthly history for the long chart. Because it changes only at board meetings, the series is drawn as steps.

All desks show the same official series, reordered toward one economy; the figures do not change with the desk. Values are republished from official files without alteration. The build publishes no Australian mortgage or deposit rate, because no official series for those is ingested — the desk omits them rather than estimating. This is not financial advice, and readings may lag their source.