Cash Rate

European Central Bank

Euro short-term rate (€STR)

View on Euro area desk

2.19%

+0.00 pp last change (11 Sep 2026)

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

Mean
1.33%
Median
1.92%
Min
-0.59% 31 Mar 2022
Max
3.90% 28 Mar 2024
DateRate
15 Sep 20262.19
31 Aug 20262.19
31 Jul 20262.18
30 Jun 20262.18
29 May 20261.93
30 Apr 20261.93
31 Mar 20261.93
27 Feb 20261.93
30 Jan 20261.93
31 Dec 20251.92
28 Nov 20251.93
31 Oct 20251.92
30 Sep 20251.92
29 Aug 20251.92
31 Jul 20251.92
30 Jun 20251.92
30 May 20252.16
30 Apr 20252.16
31 Mar 20252.42
28 Feb 20252.66
31 Jan 20252.91
31 Dec 20242.90
29 Nov 20243.16
31 Oct 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 15 Sep 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 31 Oct 2019 to 15 Sep 2026 (84 months): mean 1.33%, median 1.92%; low -0.59% (31 Mar 2022), high 3.90% (28 Mar 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 Sweden desk leads with the Riksbank policy rate, styrräntan, from the BIS central bank policy rate series for Sweden, then Norway, ECB and UK rates. Since 1994 the series is the repo rate; earlier stretches splice the marginal rate and the discount rate, which were the policy instruments of their day. The BIS stitches them into one comparable series, drawn as daily steps. It is a policy rate, not a retail lending rate.

All desks show the same official series in a different order, so the numbers do not change when you switch. Values are republished with attribution to the BIS; this site is not an official BIS publication. The build ingests no Swedish mortgage or deposit series, so those pages are absent rather than estimated. This is not financial advice.