Eonia

The overnight interbank lending rate, known as Eonia, has actually fallen sharply to 1.2% from 2.1% in the past three weeks.

The ECB's Red Herring 2009

The benchmark overnight rate for euros, Eonia, eased to 0.7% from 0.749% on Tuesday, its lowest fixing in more than a week.

Bank Lending From ECB Skyrockets Geoffrey T. Smith 2011

Eonia is the euro overnight index average rate—the rate at which banks can borrow from one another.

Bank Deposits at ECB Reach 2011 High Margit Feher 2011

Spreads between the Euro Interbank Offered Rate (Euribor) and the Euro OverNight Index Average (Eonia) had begun to decline after the European Central Bank started buying Italian and Spanish bonds in early August, but they had been little changed since mid-August.

European Interbank Rates Climb Katy Burne 2011

While Eonia rates have inched up over the last month, Italian T-bill rates fell across the yield curve, particularly in the three- to six-month area, benefiting from easing debt jitters in the euro zone's periphery, making the Italian T-bill look "much richer" against Eonia than one month ago, UniCredit's Mr. Cremonesi added.

German Bond Auction Flops Emese Bartha 2011

At around 0.90%, the benchmark Eonia overnight rate

Time for Concern—Not for Panic—Over EU Banks Geoffrey T. Smith 2011

"This should intensify downward pressures on Eonia rates, even if most of the excess liquidity is then deposited with the ECB overnight facility," Mr. Baader said.

Bank Deposits at ECB Reach 2011 High Margit Feher 2011

The euro overnight index average rate, or Eonia, a key money-market rate that is used to price a slew of assets, on Tuesday fixed at 1.035%, the first fixing above the ECB's key 1% refinancing rate since June 2009.

German Bond Auction Flops Emese Bartha 2011

Rising funding costs are a concern for banks and economists alike, which is why Mr. Trichet on Thursday will most likely stress that the current level of excess liquidity in the euro-zone banking system will be high enough to keep the benchmark overnight rate the Euro Overnight Index Average, or Eonia well below the ECB's main refinancing rate, economists at UniCredit said in a note to clients.

Liquidity, Stress Tests in Focus at ECB 2010

If markets are functioning normally, Eonia trades close to the ECB's main refinancing rate, which is currently at 1%.

Liquidity, Stress Tests in Focus at ECB 2010