ECB develops new overnight benchmark rate

ecb-frankfurt-1

The European Central Bank (ECB) will develop and administer a new overnight interest rate benchmark, the central bank said today (September 21). The rate will complement existing benchmarks produced by the private sector, and is set to be ready before 2020.

“This interest rate will be based entirely on transactions in euro that are reported by banks in accordance with the ECB’s money market statistical reporting (MMSR),” the ECB says on its website.

The MMSR was approved in 2014 and requires

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.