What is the Overnight Index for GBP?
A) SONIA
B) STINA
C) LIBOR
D) EONIA

Question

Quizplus · Accepted Answer

The Overnight Index for GBP is SONIA (Sterling Overnight Index Average), which is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling market. STINA and EONIA are not relevant to GBP, and LIBOR is a benchmark interest rate for a variety of currencies and timeframes, but not specifically for overnight funding.

What Is the Overnight Index for GBP