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WashU MS Engineering Management

Washington University in St. Louis · Sever Institute, McKelvey School of Engineering · St. Louis, Missouri, United States
  • Full time
  • In person
  • IELTS 6.5 or TOEFL 90, subject to the exact school waiver rule
19 min read · Published on October 2, 2026 · Updated on October 2, 2026
Full-programme planning totalINR 1.49 crore

Tuition, fees, living for 18 months, insurance, application, SEVIS and visa.

Tuition and feesUSD 104,880

2026-27 tuition and mandatory fees

Credits30

WashU graduate credits

CampusSt. Louis

full-time in-person route

IntakeFall 2027

full-time study

DeadlineFall full-time deadline 1 March 2027; recurring early-decision date 31 December

programme-specific status

EnglishCheck programme

TOEFL, IELTS, PTE or Duolingo

What is the WashU MS Engineering Management?

This comparison covers the 30-credit, 18-month WashU MS Engineering Management. The official 2026-27 record identifies a full-time, in-person master of science focused on management of engineering organisations and projects. It excludes online, part-time and similarly named WashU degrees, keeping the costs and admission analysis tied to one catalogue programme.

For an Indian applicant, the decision turns on three separate tests: whether prior study matches the published prerequisites; whether the file meets the school’s current admission and English rules; and whether INR 1.49 crore before flights and a housing deposit is defensible. The course map develops engineering economics, project management, decision analysis and technology leadership, ending in the engineering management capstone. That sequence should justify the cost without relying on the WashU name alone.

How much does the WashU MS Engineering Management cost for an Indian student?

The current planning case is USD 155,136, about INR 1.49 crore. It combines the published 2026-27 tuition basis, mandatory school fees, a St. Louis living allowance for 18 months, health insurance where itemised, the application fee, SEVIS and the F-1 visa charge. It is a comparison model, not a WashU invoice.

ItemINRLocal currencyWhen it is due
2026-27 McKelvey full-time tuitionINR 99.62 lakhUSD 103,785Across the programme
Mandatory school and student feesINR 1.05 lakhUSD 1,095Across enrolled terms
Housing, food, books, transport and personal costs for 18 monthsINR 42.04 lakhUSD 43,800Budgeted through the study period
WashU student health insuranceINR 5.61 lakhUSD 5,846Billed annually for international students
Graduate applicationINR 0.07 lakhUSD 75At application
SEVIS I-901 feeINR 0.34 lakhUSD 350Before the visa interview
F-1 visa applicationINR 0.18 lakhUSD 185At visa booking
Full-programme planning totalINR 1.49 croreUSD 155,136Before flights and a housing deposit

The table treats the SEVIS and visa charges as separate payments. It does not add a second visa-maintenance total because the complete living plan already covers the study period. Converted at USD 1 = INR 95.99, using ECB reference rates dated 30 September 2026.

Graduate funding may include assistantships, fellowships, grants and scholarships; availability and conditions vary.WashU graduate financial support

Tuition follows the published school schedule for MS Engineering Management and the 30-credit route. A longer completion pattern or a later annual rate can increase it.

The living allowance covers housing, food, books, local transport and personal costs for 18 months. Rent choices can move this line more than small university fees.

Flights, foreign-exchange spreads, a housing deposit and contingency remain outside the table. Scholarships reduce the estimate only after a written award.

Refresh every figure against the offer, student account and I-20 funding instruction before paying a deposit.

Can an Indian candidate meet WashU MS Engineering Management entry rules?

The first check uses the exact programme requirements, not a university-wide summary. The file needs a recognised bachelor’s degree, preparation in engineering analysis, quantitative reasoning and professional judgement, the published English evidence and every required document. Academic history is reviewed in context, so no single indicator decides the result.

RequirementPublished ruleWhat you do
Degree match (India)a bachelor's degree from a recognised institutionMap the transcript to engineering analysis, quantitative reasoning and professional judgement
Academic record (India)WashU publishes holistic programme review rather than a universal admission GPA floorSubmit complete transcripts and grading context
English (India)IELTS 6.5 or TOEFL 90, subject to the exact school waiver ruleFollow the exact school waiver and score rule
GRE or GMAT (India)GRE or GMAT not routinely requiredFollow the exact programme rule
Academic purpose (India)A coherent reason for advancing into management of engineering organisations and projectsConnect prior documented proof to the published culminating assessment
International records (India)Original-language records with complete official English translations where neededDo not upload self-translated or incomplete records

The first transcript audit should find concrete proof of engineering economics. A useful audit records the module title, mark, credit weight and syllabus topic so an assessor does not have to infer readiness from the institution name.

Next, isolate documented proof for project management. A laboratory, project or substantial assignment is stronger than a list of buzzwords because it shows what was built, measured or decided and what limitations remained.

The statement should explain why decision analysis is the next academic step and why WashU’s technology leadership route serves it. Repeating the course webpage does not answer that personal progression question.

Finally, English, recommendations and translations remain independent document checks. A file that clears the academic match can remain incomplete if an accepted score, literal translation or required referee response is missing.

Within MS Engineering Management, the relationship between engineering economics and decision analysis is a readiness test for engineering manager ambitions. A file showing only project management leaves the technology leadership part of this academic progression unexplained.

A future technology consultant still needs documented preparation in engineering analysis, quantitative reasoning and professional judgement. For MS Engineering Management, career intent cannot substitute for that academic base, while the academic record remains one part of a broader selection model.

MS Engineering Management readiness check 1 connects engineering economics with ETEM 5504. It isn’t enough to name that background: MS Engineering Management applicants should point to assessed work, the method used and the result that an admissions reader can verify.

MS Engineering Management readiness check 2 connects project management with ETEM 5507. It isn’t enough to name that background: MS Engineering Management applicants should point to assessed work, the method used and the result that an admissions reader can verify.

MS Engineering Management readiness check 3 connects decision analysis with ETEM 5510. It isn’t enough to name that background: MS Engineering Management applicants should point to assessed work, the method used and the result that an admissions reader can verify.

MS Engineering Management readiness check 4 connects technology leadership with ETEM 5530. It isn’t enough to name that background: MS Engineering Management applicants should point to assessed work, the method used and the result that an admissions reader can verify.

MS Engineering Management readiness check 5 connects engineering economics with ETEM 5581. It isn’t enough to name that background: MS Engineering Management applicants should point to assessed work, the method used and the result that an admissions reader can verify.

MS Engineering Management links ETEM 5504 Engineering Management & Financial Intelligence with prior evidence in engineering economics. A transcript supports that link when assessed work shows engineering analysis, quantitative reasoning and professional judgement; career interest alone does not establish academic readiness for this particular WashU sequence.

MS Engineering Management links ETEM 5507 Strategic Engineering Management with prior evidence in project management. A transcript supports that link when assessed work shows engineering analysis, quantitative reasoning and professional judgement; career interest alone does not establish academic readiness for this particular WashU sequence.

MS Engineering Management links ETEM 5510 Understanding Emerging & Disruptive Technologies with prior evidence in decision analysis. A transcript supports that link when assessed work shows engineering analysis, quantitative reasoning and professional judgement; career interest alone does not establish academic readiness for this particular WashU sequence.

Required baseline: undergraduate degree by enrolment, $75 fee, transcripts, three recommendations, statement and CV/resume. GRE optional. English floor unless exempted: IELTS 6.5, DET 125, GATEWAY 495, or TOEFL 5.0 new / at least 90 old.

Three checks that can block a MS Engineering Management application

  1. A profile indicator is not an offer promise

    WashU publishes holistic programme review rather than a universal admission GPA floor. Review can still distinguish candidates through subject depth, statement quality, recommendations and the completed file.

  2. The degree title cannot prove prerequisites

    A broad Indian degree name may hide whether engineering analysis, quantitative reasoning and professional judgement was studied. Add syllabi or official descriptions when course titles do not make the preparation clear.

  3. English rules can be course-specific

    IELTS 6.5 or TOEFL 90, subject to the exact school waiver rule. Accepted tests, waiver evidence and score validity must follow the exact school rule in force for the intended intake.

How should an Indian applicant apply for WashU MS Engineering Management?

Apply through the school’s official graduate route. Fall full-time deadline 1 March 2027; recurring early-decision date 31 December. Submit earlier for transcript evaluation, funding evidence, I-20 production and visa preparation. A personal buffer of at least 12 weeks is sensible before intended travel; that is planning advice, not WashU’s processing promise.

Select the exact campus programme, upload academic and programme documents, pay the application fee, monitor the applicant portal, clear offer conditions, document funding, and complete the I-20 and F-1 process.

Start byTaskTakesWhy this date
01 Oct 2026Complete English evidence75 daysMeet IELTS 6.5 or TOEFL 90, subject to the exact school waiver rule with time for one retake.
03 Nov 2026Audit the course match14 daysMatch prior study to engineering analysis, quantitative reasoning and professional judgement and the published GPA rule.
17 Nov 2026Prepare programme documents28 daysCollect official records, translations, statement, CV and any required recommendations or test.
15 Dec 2026Submit the WashU application1 dayUse the exact campus-immersion plan and keep the receipt.
16 Dec 2026Clear conditions and prepare F-175 daysFund the offer, obtain the I-20, pay SEVIS and book the visa process.

The allowances are Nbyula planning estimates, not processing times published by Washington University in St. Louis.

Build the file around Engineering Economics and Project Management, not around a generic WashU statement. Use earlier coursework or employment to show readiness, then identify the gap that the published curriculum is meant to close.

The programme reports fall full-time deadline 1 march 2027; recurring early-decision date 31 december. A priority date can be followed by space-available review, while a final date closes the published window. Neither should be confused with the separate international I-20 timing needed to reach campus.

After admission, read the offer and My WashU task list line by line. Financial guarantee, final transcripts, immunisation records and I-20 processing can each continue after the academic decision and can each delay enrolment if ignored.

For F-1 planning, check the SEVIS I-901 step and the US visa fee page directly. Fee payment does not guarantee a visa, and a programme offer does not replace consular review.

Use the in-person plan

This page covers full-time campus study. Where WashU also lists Online, select the campus-immersion plan because the visa and STEM-OPT discussion does not apply to WashU Online in the same way.

What jobs can follow WashU MS Engineering Management?

The course structure supports directions such as engineering manager, technical course manager, operations leader and technology consultant. The university presents this course as STEM designated. The OPT framework is work authorisation rather than a placement or sponsorship guarantee. Each direction still needs role-specific, inspectable work samples.

MeasureFindingBasis
Engineering EconomicsEngineering ManagerDocumented proof from Engineering Economics
Project ManagementTechnical Course ManagerDocumented proof from Project Management
Decision AnalysisOperations LeaderRole direction inferred from the course structure
Guaranteed placement or sponsorshipNone publishedNo exact-course guarantee located

These are course structure-linked directions for MS Engineering Management, not a measured probability of employment, salary, visa sponsorship or promotion.

For a engineering manager application, preserve the brief, inputs, method, decisions and limitations from Engineering Economics. That record gives a recruiter something more reliable than a transcript line or a claim that the degree was practical.

The technical course manager route needs a different proof item from Project Management. Explain the trade-off made, the documented proof rejected and the effect of uncertainty so the work shows judgement rather than only tool familiarity.

A candidate aiming at operations leader should use the culminating assessment to join both samples around one problem. A coherent portfolio can then show progression across the degree without asking the WashU name to stand in for capability.

F-1 graduates can normally seek up to 12 months of OPT, and an eligible STEM degree may support a further 24-month extension if every rule is met. The USCIS STEM-OPT guidance controls that process and does not require any employer to hire the graduate.

MS Engineering Management outcome check 1 uses ETEM 5985 Master of Engineering Management Capstone for a possible engineering manager direction. It doesn’t turn course credit into a hiring promise; MS Engineering Management students still need a retained artefact that shows the decision, evidence and limitation.

MS Engineering Management outcome check 2 uses INFO 5509 Fundamentals of Information Technology for a possible technical programme manager direction. It doesn’t turn course credit into a hiring promise; MS Engineering Management students still need a retained artefact that shows the decision, evidence and limitation.

MS Engineering Management outcome check 3 uses INFO 5574 Foundations of Analytics for a possible operations leader direction. It doesn’t turn course credit into a hiring promise; MS Engineering Management students still need a retained artefact that shows the decision, evidence and limitation.

MS Engineering Management outcome check 4 uses INFO 5575 Enterprise Data Management for a possible technology consultant direction. It doesn’t turn course credit into a hiring promise; MS Engineering Management students still need a retained artefact that shows the decision, evidence and limitation.

MS Engineering Management outcome check 5 uses INFO 5576 Analytics Applications for a possible engineering manager direction. It doesn’t turn course credit into a hiring promise; MS Engineering Management students still need a retained artefact that shows the decision, evidence and limitation.

Within MS Engineering Management, ETEM 5530 Project Planning Methodologies can support a engineering manager direction when its assessed output demonstrates project management. The course title by itself is not evidence of employment, salary, sponsorship or professional licensure.

Within MS Engineering Management, ETEM 5581 Leading in a Technology-Rich World can support a technical programme manager direction when its assessed output demonstrates decision analysis. The course title by itself is not evidence of employment, salary, sponsorship or professional licensure.

Within MS Engineering Management, ETEM 5985 Master of Engineering Management Capstone can support a operations leader direction when its assessed output demonstrates technology leadership. The course title by itself is not evidence of employment, salary, sponsorship or professional licensure.

WashU reports 68 Engineering Management master’s degrees in 2024-25. This is conferral volume, not employment or salary evidence.

Who is WashU MS Engineering Management for, and who should avoid it?

A strong fit already has engineering analysis, quantitative reasoning and professional judgement, wants assessed documented proof in decision analysis and can fund INR 1.49 crore without promised employment. A weak fit needs foundational repair, wants a different technical centre or depends on uncertain US earnings to make the course affordable.

VerdictYour backgroundWhy
Strong fitPrepared for engineering economicsEarlier study supports progression into Engineering Economics.
Strong fitNeeds documented proof in technology leadershipThe published culminating route can produce inspectable work.
Needs evidenceStill choosing between engineering manager and technical course managerElectives must turn that uncertainty into one coherent capability map.
Needs evidenceFunding is close to the ceilingThe INR 1.49 crore case excludes flights and a housing deposit.
Do not shortlistNeeds basic preparation before project managementGraduate credits are too expensive to use mainly for prerequisite repair.
Do not shortlistNeeds a guaranteed US placementNo course-level job or sponsorship guarantee supports that assumption.

The positive academic test begins with Engineering Economics. A suitable entrant recognises its foundation from prior work but still needs WashU’s graduate-level treatment to solve harder problems in management of engineering organisations and projects.

The next fit question concerns Project Management. It should add a method or system that the candidate cannot already demonstrate. If it mostly repeats a strong undergraduate module, examine the elective freedom before paying for the overlap.

The professional test is whether a engineering manager hiring manager can inspect output from decision analysis. A useful artefact states the problem, data or constraints, the chosen method, the result and the limits of that result.

Someone pursuing technical course manager work must also value technology leadership. If that part of the degree consumes substantial assessed time but has little use in the intended role, a differently structured master’s may be the better buy.

The final academic trade-off sits in the choice among project, thesis, portfolio or examination where WashU lists them. A thesis serves research depth, an applied project serves delivery documented proof, and a portfolio serves synthesis. Only routes actually published for this course belong in the decision.

Affordability is separate from academic fit. The estimate uses USD 1 at INR 95.99, so exchange movement changes the rupee amount even when WashU leaves a dollar charge unchanged.

The campus choice also matters. This page uses St. Louis, Missouri and in-person study. An candidate selecting an online version would face different attendance, visa and work-authorisation consequences and should not reuse this page’s F-1 assumptions.

Applicants can ask current MS Engineering Management students about access to preferred electives, team formation, faculty supervision and the weekly load. The research pass did not locate three independent exact-course accounts, so those lived details remain questions rather than reported facts.

MS Engineering Management fit check 1 asks whether CSE 1301 Introduction to Computer Science advances project management. Prior exposure can’t settle that alone: compare the WashU syllabus with earlier assignments and identify the capability MS Engineering Management would add rather than repeat.

MS Engineering Management fit check 2 asks whether CSE 2407 Data Structures and Algorithms advances decision analysis. Prior exposure can’t settle that alone: compare the WashU syllabus with earlier assignments and identify the capability MS Engineering Management would add rather than repeat.

MS Engineering Management fit check 3 asks whether CYBER 5559 Introduction to Cybersecurity advances technology leadership. Prior exposure can’t settle that alone: compare the WashU syllabus with earlier assignments and identify the capability MS Engineering Management would add rather than repeat.

MS Engineering Management fit check 4 asks whether CYBER 5560 Cybersecurity Technologies and Threats advances engineering economics. Prior exposure can’t settle that alone: compare the WashU syllabus with earlier assignments and identify the capability MS Engineering Management would add rather than repeat.

MS Engineering Management fit check 5 asks whether CYBER 5567 The Hacker Mindset: Cyber Attack Fundamentals advances project management. Prior exposure can’t settle that alone: compare the WashU syllabus with earlier assignments and identify the capability MS Engineering Management would add rather than repeat.

The fit question for MS Engineering Management becomes concrete when the published curriculum adds decision analysis. Someone targeting technical programme manager work benefits when that study closes a documented gap; it is weaker value when an earlier degree already proves the same capability.

The fit question for MS Engineering Management becomes concrete when the published curriculum adds technology leadership. Someone targeting operations leader work benefits when that study closes a documented gap; it is weaker value when an earlier degree already proves the same capability.

The fit question for MS Engineering Management becomes concrete when the published curriculum adds engineering economics. Someone targeting technology consultant work benefits when that study closes a documented gap; it is weaker value when an earlier degree already proves the same capability.

The Bulletin title is Master of Engineering Management (Sever); the marketed award name/abbreviation is Master of Engineering Management (MEM).

Engineering Management is listed under McKelvey’s Full-Time Master’s programs. McKelvey separately labels a part-time route; this file concerns the full-time St. Louis route.

30 units: 18 required (including a three-unit capstone) and 12 electives. The Bulletin does not fix one normal number of semesters.

What differs between on-campus and online curricula, tuition, duration, career access and visa relevance?

How much prior engineering or STEM experience is needed, and is the degree suitable immediately after a bachelor’s?

Does MEM add enough technical or management depth for the applicant’s target role, or is an MBA/MS a better fit?

Which employers and job functions are evidenced for the on-campus cohort?

How is the capstone sourced, staffed and evaluated?

Can a full-time international student create a viable internship/recruiting calendar?

What does the WashU MS Engineering Management curriculum contain?

The 2026-27 WashU Bulletin requires 30 credits. The table retains named required and elective choices from the published plan; alternatives are not a claim that every student completes every row. Build an approved individual plan with the programme adviser before registration.

CodeComponentWashU graduate creditsNotes
ETEM 5504Engineering Management & Financial Intelligence3.0
ETEM 5507Strategic Engineering Management3.0
ETEM 5510Understanding Emerging & Disruptive Technologies3.0
ETEM 5530Project Planning Methodologies3.0
ETEM 5581Leading in a Technology-Rich World3.0
ETEM 5985Master of Engineering Management Capstone3.0
INFO 5509Fundamentals of Information Technology3.0
INFO 5574Foundations of Analytics3.0
INFO 5575Enterprise Data Management3.0
INFO 5576Analytics Applications3.0
CSE 1301Introduction to Computer Science3.0
CSE 2407Data Structures and Algorithms3.0
CYBER 5559Introduction to Cybersecurity3.0
CYBER 5560Cybersecurity Technologies and Threats3.0
CYBER 5567The Hacker Mindset: Cyber Attack Fundamentals3.0
CYBER 5568Emerging Issues and Technology in Cybersecurity3.0
ETEM 5505Decision Analysis & Optimization3.0
ETEM 5508Marketing Innovation3.0
ETEM 5520Introduction to Innovation & Entrepreneurship3.0
ETEM 5528Legal Concepts for Engineering and Technical Managers3.0
ETEM 5582Human Performance in the Organization3.0
ETEM 5586Cross-Cultural Negotiation3.0
ETEM 5587Communication Excellence for Influential Leadership3.0
ETEM 5600Supply Chain for Engineering Managers3.0
MGT 5101Startup Practicum (STL3.0
CNST 5532Specialized Topics in Construction Estimating3.0
CNST 5572Legal Aspects of Construction3.0
CNST 5573Fundamentals in Construction Management3.0
ETEM 5531Introduction to Agile Project Management3.0
ETEM 5532The Art & Science of Risk Management3.0
Total30

The note “Published under Published degree requirement” applies to 30 components in this table.

  • Complete 30 approved graduate credit hours.
  • Follow the published choice among the engineering management capstone.
  • Confirm approved electives, prerequisites and the plan of study with the academic unit.

Use the required sequence to establish readiness for Engineering Economics, then choose electives that deepen decision analysis instead of creating several disconnected introductions. The official plan of study remains the authority for what can count together.

WashU can revise course availability and approved lists. Recheck every code, credit value, campus offering and culminating route before accepting an offer, especially where the catalogue publishes an area rather than a closed list of named electives.

Should an Indian candidate shortlist the WashU MS Engineering Management?

Shortlist the WashU MS Engineering Management when your transcript already supports engineering analysis, quantitative reasoning and professional judgement, your intended work uses decision analysis and the full INR 1.49 crore plan is fundable without depending on uncertain work income. Each of those remains a separate threshold.

The strongest case connects Engineering Economics to Project Management, then uses the culminating route to create inspectable proof. That is a clearer reason to choose this course than a general wish to study at a large US university.

Applicants should not choose MS Engineering Management for work-authorisation assumptions alone. The 30-credit course must justify the INR 1.49 crore planning case before flights and a housing deposit; WashU publishes no guaranteed job, salary or sponsorship outcome for this exact degree.

Key takeaways
  • WashU MS Engineering Management is a 30-credit, full-time in-person master's at St. Louis, Missouri.
  • Academic review weighs the complete record and preparation in engineering analysis, quantitative reasoning and professional judgement.
  • The working English reference is IELTS 6.5 or the published CEC TOEFL alternative.
  • The working Fall 2027 point is fall full-time deadline 1 march 2027; recurring early-decision date 31 december.
  • The conservative full-programme planning case is USD 155,136, about INR 1.49 crore.
  • STEM-OPT eligibility can support an extension application but does not guarantee employment or sponsorship.

Frequently asked questions

How much is WashU MS Engineering Management for an Indian student?

The current planning total is USD 155,136, about INR 1.49 crore. It includes minimum-credit tuition, programme fees, 18 months of living costs, SHIP, application, SEVIS and visa fees, but excludes flights, exchange spreads and a housing deposit.

What GPA is required for WashU MS Engineering Management?

WashU publishes holistic programme review rather than a universal admission GPA floor. The school can still assess subject preparation, statements, recommendations and the complete file. A stronger transcript does not replace missing prerequisite work for the named curriculum.

Is WashU MS Engineering Management available full time on campus?

Yes. WashU lists an in-person option at St. Louis, Missouri, and this page covers full-time campus study only. Some selected WashU degrees also advertise an Online modality. Do not transfer the F-1 visa, campus-cost or STEM-OPT assumptions here to an online enrolment without checking the university and immigration rules.

What is the Fall 2027 deadline for WashU MS Engineering Management?

The working programme point is fall full-time deadline 1 march 2027; recurring early-decision date 31 december. Priority review and final closure are different, and rolling review can end when capacity is filled. International applicants should also leave time for a financial guarantee, I-20 production, SEVIS payment, the visa process and travel after the academic decision.

Is WashU MS Engineering Management STEM-OPT eligible?

WashU marks the degree STEM designated. An eligible F-1 graduate can normally use up to 12 months of post-completion OPT and may apply for a 24-month STEM extension when the degree, employer, timing and reporting rules are satisfied. Eligibility is not a job, salary, sponsorship or visa guarantee.

What should an Indian applicant prepare for WashU MS Engineering Management?

Prepare complete academic records, official English translations where needed, accepted English evidence and every programme-specific item on the degree page. Map previous study to engineering analysis, quantitative reasoning and professional judgement. Add the statement, CV, recommendations or test scores the programme requests, then keep funding proof ready for the post-admission financial guarantee.

Sources

These sources support the programme, admission, cost, experience and immigration information used on this page.

Sources checked on September 30, 2026. Current intake information follows. Fall 2027 full-time in-person.

No.SourceEvidence role
01WashU 2026-27 Bulletin, Master of Engineering Management (Sever)Core programme evidence
02WashU 2026-27 school tuition and feesCore programme evidence
03WashU graduate cost of attendanceCore programme evidence
04WashU school admission requirementsCore programme evidence
05WashU English proficiency requirementsCore programme evidence
06ICE SEVIS I-901 feeCore programme evidence
07US Department of State visa feesCore programme evidence
08USCIS Optional Practical TrainingCore programme evidence
09USCIS STEM OPT extensionCore programme evidence
10Research Organization Registry, Washington University in St. LouisCore programme evidence
11European Central Bank reference ratesCore programme evidence

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