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Euro Overnight Index Average - EONIA

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Dictionary Says

Definition of 'Euro Overnight Index Average - EONIA'

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

Investopedia explains '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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