June 11, 2020 / 9:17 AM / a month ago

Bank of England plans daily compounded Sonia index from August

LONDON, June 11 (Reuters) - The Bank of England said it will publish a daily compounded index for its overnight Sonia interest rate from early August, a bit later than it previously planned, as it pushes ahead with ditching the discredited Libor benchmark.

The BoE had previously intended to publish a compounded Sonia index from July.

Writing by William Schomberg; Editing by Catherine Evans

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