Outright Monetary Transactions: Difference between revisions
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imported>Doug Williamson (Updated entry: Added link to European Central bank) |
imported>Doug Williamson m (Update links.) |
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==See also== | ==See also== | ||
* [[Bond]] | |||
* [[Central bank]] | |||
* [[European Central Bank]] | * [[European Central Bank]] | ||
* [[Security]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Latest revision as of 08:30, 3 August 2018
(OMT).
Part of the open market operations of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of reverse repurchase agreements or repurchase agreements.
This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.
