Neutral and Outright Monetary Transactions: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson m (Standardise header, minor rewording for clarity and categorise page.) |
||
| 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 its use by other banks has not been so dogged by controversy. | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 19:06, 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 its use by other banks has not been so dogged by controversy.
