Bank of England issues design of revamped Sonia benchmark
( March 30, 2017, 18:26 GMT | Official Statement) -- MLex Summary: The Bank of England has published its design for the revamped interest-rate benchmark known as Sonia, for Sterling Overnight Index Average, drawn from money markets. The central banks said it will implement the revised indicator in March or April 2018.The following is the text of an executive summary as published by the Bank of England. Click the attachment at bottom for the full document....
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