Tag: (SONIA):
Sterling Overnight Interbank Average Rate (SONIA): meaning, how it works and more
The London Interbank Offered Rate (LIBOR) used to be the dominant rate used to provide efficient interest rates in pound denominated loan and mortgage transactions. The LIBOR worked in a style where data is collected from the major banks and financial institutions to create the LIBOR as announced by the Financial Conduct Authority of the …
Sterling Overnight Interbank Average Rate (SONIA): meaning, how it works and moreRead More