KM Financial Solutions | ECB looks to ESTER overnight rate to clean up after scandals
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ECB looks to ESTER overnight rate to clean up after scandals

ECB looks to ESTER overnight rate to clean up after scandals

FRANKFURT, May 18 (Reuters) – The European Central Bank has
christened its new unsecured overnight rate ESTER, it said on
Friday, the latest step in a long process to devise a new
reference rate after confidence in previous benchmarks was
shaken.

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