ECB to publish the new unsecured overnight interest rate before 2020

Dhwani Mehta FXStreet

The European Central Bank (ECB) published a statement on its website last hour, announcing that it will publish the new unsecured overnight interest rate before 2020.

Key Details:

New rate will complement existing benchmark rates produced by pvt sector

Preparations for overnight rate to be over by 2020

Overnight benchmark interest rates important for financial markets and monetary policy implementation

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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