| The job basically was to follow the daily open market operations of the Fed and try to divine whether policy had changed. |
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| The Eurosystem has available five types of instruments for the conduct of open market operations. |
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| The Governing Council may undertake outright open market operations of a size adequate to reach its objective. |
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| These procedures may be used for fine-tuning open market operations and structural outright operations. |
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| Chapter 3 describes open market operations, while Chapter 4 presents the standing facilities available to counterparties. |
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| Here, we would presume he has in mind the ECB monetizing private debt by rediscounting existing private liabilities, or using them in open market operations. |
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| Mr. Yi said China would use open market operations to mop up excess cash stemming from foreign exchange inflows. |
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| As can be seen, open market operations are used a good deal, but not all the time, nor always with the same intensity. |
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| The monetary policy of the Eurosystem is implemented primarily via open market operations. |
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| In open market operations the central bank buys government securities bonds and treasury bills from the private sector. |
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| The calculation of this ratio expressly excludes facilities provided by central banks outside traditional open market operations. |
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| The agreement shall also specify whether the applicant wishes to access Eurosystem standing facilities and open market operations. |
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| Fourthly, open market operations have been introduced in the money and foreign exchange markets, to prevent bubbles and maintain the stability of interest and foreign exchange rates. |
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| The main refinancing operations play a pivotal role in pursuing the purposes of the Eurosystem's open market operations and provide the bulk of refinancing to the financial sector. |
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| Mainly owing to the averaging provision of the minimum reserve system, and taking into account the low frequency of open market operations, the volatility of the EONIA continued to be low in 2003 by international standards. |
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| However, as an additional tool to offset pressure on the overnight rate, the Bank has the option of not fully neutralizing the impact of open market operations. |
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| See equity, open market operations, bonds. |
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| In addition, in the case of serious infringements of the minimum reserve requirements, the Eurosystem may suspend counterparties from participation in open market operations. |
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| Through open market operations, a central bank influences the money supply in an economy. |
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| These institutions are, in principle, eligible to access open market operations based on the standard tender procedures and the two standing facilities. |
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| For underlying assets used in liquidity-absorbing reverse open market operations, the eligibility criteria are identical to those applied for underlying assets used in liquidity-providing reverse open market operations. |
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| The key instrument of the monetary policy will remain the repurchase agreement rate, whose impact on market rates should be improved through open market operations. |
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| Under our operational framework, we also implement our monetary policy by conducting open market operations with a view to steering short-term interest rates in the interbank money market. |
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| Other available open market operations include structural operations which have a longer time horizon and a maturity which may or may not be standardised. |
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| However, owing to operational constraints and the technical features of SSSs, the timing within the day of the settlement of open market operations may differ across the euro area. |
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