BoE confirms SONIA takeover in April 2018

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BoE confirms SONIA takeover in April 2018

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Pound money on financial figures balance | ROMAN/alfexe - Fotolia

The Bank of England will take over the “end-to-end” administration of the Sterling Over Night Index Average (SONIA) benchmark and implement key reforms on April 23, 2018, the central bank confirmed on Monday.

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