The switch to the new euro short-term rate, €STR, was completed in January 2022. A smooth transition from EONIA to €STR as the overnight benchmark interest rate for the euro avoided risks to financial stability and monetary policy https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202204_03~782540dbd5.en.html #EconomicBulletin

🐦🔗: https://nitter.eu/ecb/status/1538805626767302656