Office of Fair Trading and Outright Monetary Transactions: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Administrator (CSV import) |
imported>John Grout (To create entry) |
||
Line 1: | Line 1: | ||
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 agreement]]s or [[repurchase agreement]]s. | |||
This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though use by other banks has not been so dogged by controversy. | |||
Revision as of 10:12, 28 August 2014
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 use by other banks has not been so dogged by controversy.