ECB launches 2nd consultation on new euro unsecured ON interest rate

 

The European Central Bank (ECB) is calling on market participants and all other interested parties to provide comments on the detailed features of the new unsecured overnight interest rate. Through this second public consultation, the ECB aims to collect the views of stakeholders regarding the methodology for the rate as well as key operational and technical parameters.

This consultation follows the ECB’s decision, announced on 21 September 2017, to develop a euro unsecured overnight interest rate based on data already available to the Eurosystem and builds on the findings of the first ECB public consultation.

Read the release

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