ECB unveils details of Euribor replacement Ester

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ECB unveils details of Euribor replacement Ester

Nell Mackenzie
June 28, 2018 07:00 pm
ECB 230x150 euro sculpture
Euro-Sculpture in front of ECB in Frankfurt am Main, Hesse, Germany Photo by: Daniel Kalker/picture-alliance/dpa/AP Images | Daniel Kalker/Daniel Kalker/picture-alliance/dpa/AP Images

The ECB outlined how its planned replacement for Euribor, the Ester rate, will work, in a release published on Thursday. The new rate will begin publication from October next year.

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