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Eonia fixes at minus 0.291 percent, down from Thursday's surge
December 1, 2017 / 5:54 PM / 11 days ago

Eonia fixes at minus 0.291 percent, down from Thursday's surge

LONDON, Dec 1 (Reuters) - A key overnight benchmark rate used by European banks to lend money to each other was fixed at minus 0.291 percent on Friday, down from minus 0.241 percent on Thursday.

A surge in the Euro Over Night Index Average (EONIA) over the past two fixings has caught markets by surprise, raising questions about possible funding stress. (Reporting by Dhara Ranasinghe; Editing by Jemima Kelly)

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