Euro Overnight Index Average - EONIA


DEFINITION of 'Euro Overnight Index Average - EONIA'

The weighted average of overnight Euro Interbank Offer Rates for inter-bank loans.

BREAKING DOWN 'Euro Overnight Index Average - EONIA'

EONIA is the standard interest rate for Euro currency deposits. The European Central Bank is responsible for calculating the EONIA every day.

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    The rates offered to prime banks on euro interbank term deposits. ...
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