Eonia negative rates
27 Feb 2017 Bank (ECB) gave for the first time forward guidance on interest rates, communication of negative macroeconomic news was disentangled Eonia (Euro OverNight Index Average) is the average interest rate at which a selection of European banks lend one another funds denominated in euros whereby the loans have a maturity of 1 day. Eonia can thereby be viewed as the overnight Euribor rate. This page shows a summary of the current and historic Eonia interest rates. Eonia's negative implies parties posting collateral must also pay interest to their counterparties, which has led to calls for clarity from dealers.