Source: Bank of England
Release: SONIA Interest Rate Benchmark
The Sterling Overnight Index Average (SONIA) is the interest rate applied to bank transactions in the British Sterling Market during off hours. This series represents the aggregate volume of transactions.
For more information, please visit the Bank of England's explication on the key features and policies of SONIA.
Bank of England, Daily Sterling Overnight Index Average (SONIA) Rate Total Nominal Value [IUDZLT2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IUDZLT2, December 2, 2022.