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 Switzerland desk leads with the SNB policy rate, from the BIS central bank policy rate series for Switzerland, then ECB, UK and US rates. The BIS series is the SNB policy rate from June 2019, the mid-point of the SNB's target range for the three-month Libor from 2000 to 2019, and the discount rate before that — stitched into one comparable series and drawn as daily steps. It is a policy rate, not a mortgage or deposit rate.

All desks show the same build-wide series in a different order, so switching desks changes the menu, not the figures. Values are republished with attribution to the BIS, and this page is not an official BIS publication. The build ingests no Swiss retail rate series, so none is shown. This is not financial advice, and readings may lag their source.