Daily Sterling Overnight Index Average (SONIA) Rate: 90th percentile
IUDZLS9 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.23
Year-over-Year Change
0.00%
Date Range
10/5/2021 - 8/4/2025
Summary
The Daily Sterling Overnight Index Average (SONIA) Rate at the 90th percentile represents a key benchmark for high-end short-term lending rates in the financial market. This metric provides insights into the upper range of overnight borrowing costs, reflecting potential stress or volatility in interbank lending conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the 90th percentile of daily SONIA rates, which means it captures the higher end of overnight lending rates across financial institutions. Economists and financial analysts use this metric to understand potential outliers and extreme lending conditions in the short-term credit market.
Methodology
The rate is calculated by collecting and ranking daily overnight interbank lending rates, then identifying the value at the 90th percentile of the distribution.
Historical Context
Central banks and financial regulators use this data to monitor potential systemic risks and assess the overall health of short-term lending markets.
Key Facts
- Represents the 90th percentile of daily overnight lending rates
- Provides insight into high-end short-term borrowing costs
- Useful for identifying potential market stress or volatility
FAQs
Q: What does the 90th percentile mean in this context?
A: The 90th percentile indicates the rate below which 90% of the observed rates fall, highlighting the upper range of lending costs.
Q: Why is the SONIA rate important?
A: The SONIA rate is a critical benchmark for short-term lending and provides insights into the overall health of financial markets.
Q: How frequently is this data updated?
A: Typically, this data is updated daily, reflecting the most recent overnight lending market conditions.
Q: Who uses this economic indicator?
A: Central banks, financial regulators, economists, and market analysts use this indicator to assess short-term lending dynamics.
Q: What are the limitations of this metric?
A: The 90th percentile provides a snapshot of high-end rates and may not fully represent the entire market's lending conditions.
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Citation
U.S. Federal Reserve, Daily Sterling Overnight Index Average (SONIA) Rate: 90th percentile [IUDZLS9], retrieved from FRED.
Last Checked: 8/1/2025