Euro Overnight Index Average

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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.
References in periodicals archive ?
The future use of the EONIA will hence depend on the willingness of both the panel banks and EMMI to support the continuity of the benchmark, as well as on the existence of viable alternatives.
Therefore, to gauge the impact of country characteristics on the interest-rate channel, we follow Saborowski and Weber (2013), and we compare the impulse response function of bank rates with a shock in EONIA, at the 20th and 80th percentiles of the distribution of the considered exogenous determinants.
You know, I miss a different picture honestly, because I've been mainly focused on the euro, but now on the end of that I completely understand is that you know, I mean, you remember I was in behind Eonia," Ravazzolo states.
El metodo que se utiliza en el presente estudio es un analisis de cointegracion para detectar el grado de integracion de las politicas monetarias del Reino Unido y de la UEM y se consideran como medidas los tipos de interes diarios del mercado interbancario (Libor Interbank Offered Rate y Eonia Overnight Index Average).
When the time eventually comes to alter the monetary stance, presumably during H1 2010, the ECB would likely first rein in the longer-term refinancings, which would cause Eonia to rise back towards the main policy rate (the weekly refinancing rate), before actually needing to raise the main policy rate (the "refi rate").
EONIA and EURIBOR have provided the market with uniform benchmarks that are fully accepted by all market participants.
Alongside the EURIBOR, which establishes the one to 12 month interbank euro interest rates, the European Central Bank has created the EONIA (Euro OverNight Index Average) as the effective overnight rate for the euro.
The signatory public authorities therefore express their appreciation for the continued commitment of those banks contributing to the Euribor and EONIA benchmarks and expect that they will remain supportive of these benchmarks as necessary.
h) For the derivatives segments, the main references became the EONIA swap interest rates (overnight index swap (OIS) rates) and EURIBOR futures prices.
If we had an eonia (overnight rates) at 3 or 4 per cent then it would not be as acute an issue, but we would definitely struggle to cope at the present level," said Amundi's Simeon.
The ECB will probably cut the refi rate 25 basis points, but since eonia has been trading near zero for most of the past nine months, this move shouldn't weaken the euro unless the bank drops hints that some more dramatic policy -- like a negative deposit rate -- is back on the agenda," said Anna Hibinio, a global forex analyst at JPMorgan.
The EONIA swap index is a secured short-term interest rate (swapping payments of fixed and floating rates without principal) whereas the EURIBOR is an unsecured loan rate.