Bank of England plans daily compounded Sonia index from August

  • The BoE had previously intended to publish a compounded Sonia index from July.
11 Jun, 2020

LONDON: The Bank of England said it will publish a daily compounded index for its overnight Sonia interest rate from early August, a bit later than it previously planned, as it pushes ahead with ditching the discredited Libor benchmark.

The BoE had previously intended to publish a compounded Sonia index from July.

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