Debt Management Office
1. Public debt - sovereign issuance.
An agency with responsibilities for managing the debt of a sovereign issuer, usually a country.
An executive agency of HM Treasury.
The DMO is responsible for carrying out the UK government's debt management policy of:
- Minimising financing costs over the long term, taking account of risk.
- Minimising the cost of offsetting the UK government's net cash flows over time.
- Operating within a risk appetite approved by UK government ministers.
In all cases this is to be conducted consistently with the objectives of monetary and wider policy considerations.