euro overnight index average (EONIA)

What is euro overnight index average (EONIA)?

euro overnight index average (EONIA) definition and meaning on Finance terms:
A measure of the effective interest rate prevailing in the euro overnight market, calculated i) (up to 30 September 2019) as a weighted average of the interest rates on unsecured interbank overnight lending transactions denominated in euro, as reported by a panel of banks; and ii) (from 2 October 2019 until its discontinuation on 3 January 2022) as the

Tags: