What is overnight index rate
The Euro Interbank Offered Rate (Euribor) and the Euro Overnight Index Average (Eonia) are critically important interest rate benchmarks for the eurozone. In April 2017, the RFR Working Group recommended SONIA – the Sterling Overnight Index Average – as its preferred alternative reference interest rate for 30 Apr 2019 Tokyo Overnight Average (TONA). Overnight. Unsecured. Bank of Japan. GBP. Sterling Overnight Index Average (SONIA). Overnight.