Article summary
The Bank of England (BoE) has published a summary of responses to its February 2020 discussion paper entitled: ‘Supporting risk-free rate transition through the provision of compounded SONIA’. Based on feedback received from respondents, the BoE has confirmed that it will publish a daily SONIA compounded index which is anticipated to commence in early August 2020, but the exact date is still to be confirmed. However, given the lack of consensus, the BoE has confirmed that it will not be producing SONIA ‘period averages’ at this stage.
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