Skip to content
Subscriber Only
Markets
Economics

ECB’s Coeure Sounds All Clear for Launch of New Short-Term Rate

  • Executive board member says stress test showed ESTR is ready
  • ECB will start publishing new benchmark on Oct. 2, as planned

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. 

The European Central Bank signaled to banks that the ball is now in their court to make sure the transition to a new lending benchmark interest rate goes smoothly.