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 Norway desk leads with Norges Bank's policy rate, styringsrenten, from the BIS central bank policy rate series for Norway, then Sweden, ECB and UK rates. Since 1993 the series is the sight-deposit rate; earlier it is the overnight lending rate. The BIS joins these instruments into one comparable policy measure, drawn as daily steps because the rate changes only at Norges Bank's meetings. It is a policy rate, not a mortgage or deposit rate.

All desks show the same series in a different order, so the figures do not change when you switch. Values are republished with attribution to the BIS, and this page is not an official BIS publication. No Norwegian retail lending or deposit series is ingested, so those pages are absent rather than estimated. Nothing here is financial advice, and readings may lag their source.