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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    Both LIBID and LIBOR are rates primarily used by banks in the London interbank market. The London interbank market is a wholesale ... Read Answer >>
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    LIBOR, LIBID and LIMEAN are all reference rates used to benchmark short-term interest rates. The London Interbank Offered ... Read Answer >>
  3. What are the differences between the Federal Funds Rate and LIBOR?

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