Published on 6 July 2020
SONIA Compounded Index to be published from 3 August
As outlined in the response to the Discussion Paper on Supporting Risk-Free Rate transition through the provision of compounded SONIA, the Bank will publish the SONIA Compounded Index for the first time on 3 August 2020.
Each day’s SONIA Compounded Index will be made freely available on the Bank’s Interactive Statistical Database by 10:00 on the business day after it is first published. The full series of the SONIA Compounded Index back to 23 April 2018 will be on the IADB from 3 August 2020.
Published on 11 June 2020
Having reviewed feedback to the February discussion paper the Bank has set out its position:
- Given near universal support from respondents, the Bank has confirmed it will publish a daily SONIA Compounded Index. It anticipates that publication of the SONIA Compounded Index will commence in early August. The precise date will be confirmed in due course.
- Given a lack of consensus on both the usefulness of SONIA “period averages” and the conventions underpinning such rates, in line with the position set out in the February discussion paper, the Bank will not be producing them at this time.