empty
 
 

2017.09.2109:01:00UTC+00ECB To Launch New Unsecured Overnight Benchmark Rate Before 2020

The European Central Bank said on Thursday that it will launch a new unsecured overnight interest rate before 2020, as the bank reforms the benchmark rates.

The Governing Council decided to develop a euro unsecured overnight interest rate based on data already available to the Eurosystem, the bank said in a statement.

The interest rate would be produced before 2020 and would complement existing benchmark rates produced by the private sector and serve as a backstop reference rate.

The high-level features of this new overnight interest rate will be communicated to market participants in the course of 2018, the bank said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback