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The Euro Short-Term Rate (€STR) is a reference rate for the euro. This interest rate can be used as the rate referenced in financial contracts that involve the euro. €STR is administered and calculated by the European Central Bank (ECB), based on the money market statistical reporting of the Eurosystem .
Euro money market is the money market in the euro area that covers the eurozone short-term funds through loans that are typically less than 1 year. The euro money market products are short term deposits, repos , EONIA swaps and foreign exchange swaps.
Numerous articles relate to short-term interest rates, including: . Bank rate; Certificate of deposit; Discount window; Eurodollar; Federal funds rate; Libor; Official bank rate of the United Kingdom
The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (before only in the interbank market).
The econometric analysis suggests that "If the short-term and long- term interest rates in the euro area were stabilized at 1.5% and 3%, respectively, aggregate output (GDP) in the euro area would be 5 percentage points above baseline in 2015".
The aim of the program is then to prevent divergence in short-term bond yields, and to ensure that the ECB's monetary policy is transmitted equally to all the Eurozone's member economies. The central bank notes that the OMT is meant as a means to "safeguard an appropriate monetary policy transmission and the singleness of the monetary policy".
The definitive values of one euro in terms of the exchange rates at which the currency entered the euro are shown in the table. The rates were determined by the Council of the European Union , [ f ] based on a recommendation from the European Commission based on the market rates on 31 December 1998.
Short rate may refer to: Short rate cancellation (insurance), a penalty method of calculating return premium of an insurance policy; Short rate table, used to calculate the earned premium for such a policy; Short-rate model (interest), a mathematical model that describes the future evolution of interest rates by describing the future evolution ...