ECB takes steps to discourage trading on euro reference rate

ECB warns it may delay a day if trading linked to its rate doesn't decline

Airport delays
High time: ECB delays publishing euro reference rate

The European Central Bank is moving the publication time of its euro reference rate to later in the day in a bid to discourage its use for trading purposes, adding that it will consider not publishing the rates until the next business day if activity tied to them does not decline.

The initial changes will take effect on July 1, 2016, when publication of the daily euro rate will be delayed from the current 13:30 GMT until 15:00 GMT. The central bank says the calculation methodology will remain

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: