Euro Overnight Index Average - EONIA
The weighted average of overnight Euro Interbank Offer Rates for inter-bank loans.
Investopedia Commentary
EONIA is the standard interest rate for Euro currency deposits. The European Central Bank is responsible for calculating the EONIA every day.
See also: Benchmark, Euro Interbank Offer Rate - EURIBOR, Libor, Money Market, Overnight Rate, Panel Bank
Also spelled: EONIA