SONIA

SONIA (Sterling Overnight Index Average) is an important interest rate benchmark. It represents the volume-weighted average interest rate banks use to borrow or lend overnight. SONIA is administered by the BOE and published at around 10:00 CET each business day based on transactions on the previous business day.

SONIA and/or SONIA Compounded Index data licensed under the Open Government Licence v3.0 and copyright the Governor and Company of the Bank of England. The trade marks “Bank of England” and “SONIA” are registered trade marks of the Bank of England.