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Euro Overnight Index Average

   Also found in: Acronyms, Wikipedia 0.01 sec.
Euro Overnight Index Average
The weighted average EURIBOR, which is the interest rate European banks charge one another on overnight loans. The European Central Bank calculates the EONIA each day.


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The euro overnight index average rate is less variable: Here banks must meet positive ECB reserve requirements on a monthly average basis, providing more leeway in managing daily reserve positions.
In Europe, speculation about policy easing intensified, as shown by a significant decline in implied yields for futures contracts on the Euro Overnight Index Average.
 
 
 
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