Cash Rate

European Central Bank

Euro short-term rate (€STR)

View on Euro area desk

2.19%

+0.00 pp last change (Sep 11, 2026)

As of Sep 15, 2026 | Daily (euro unsecured overnight market rate)

Average
1.33%
Median
1.92%
Low
-0.59% Mar 31, 2022
High
3.90% Mar 28, 2024
DateRate
Sep 15, 20262.19
Aug 31, 20262.19
Jul 31, 20262.18
Jun 30, 20262.18
May 29, 20261.93
Apr 30, 20261.93
Mar 31, 20261.93
Feb 27, 20261.93
Jan 30, 20261.93
Dec 31, 20251.92
Nov 28, 20251.93
Oct 31, 20251.92
Sep 30, 20251.92
Aug 29, 20251.92
Jul 31, 20251.92
Jun 30, 20251.92
May 30, 20252.16
Apr 30, 20252.16
Mar 31, 20252.42
Feb 28, 20252.66
Jan 31, 20252.91
Dec 31, 20242.90
Nov 29, 20243.16
Oct 31, 20243.15

About €STR

The euro short-term rate (€STR) is the euro area’s unsecured overnight borrowing rate (EST.B.EU000A2X2A25.WT). Current: 2.19% on Sep 15, 2026. The ECB publishes it; it is not a policy rate. Series from 1 October 2019.

Chart and long-run stats use month-ends; the headline is the latest daily print. From Oct 31, 2019 to Sep 15, 2026 (84 months): mean 1.33%, median 1.92%; low -0.59% (Mar 31, 2022), high 3.90% (Mar 28, 2024). Source: ECB statistics. Not the deposit facility, and not a mortgage or deposit rate.

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 Canada desk leads with the Bank of Canada's target for the overnight rate, then CORRA, the Canadian Overnight Repo Rate Average. US, UK and other official rates follow in the menu. The target is a policy setting the Bank changes at fixed announcement dates; CORRA is a market benchmark calculated from repo transactions and published, not set, by the Bank. Keeping both on one desk shows the policy rate and the market rate it steers.

All series are read from official files and republished without alteration. As on the US desk, Canadian dates are written month-first. The build covers two Canadian series only; it does not publish a Canadian mortgage or deposit rate because none is ingested. Every desk shows the same set in a different order, so the numbers are identical whichever desk you use. Nothing here is financial advice.