Outright Monetary Transactions
Key Facts
Abbreviation
OMT
Pronunciation
/ˈaʊˈtraɪt ˈmɑnəˌtɛri trænˈzækʃənz/
Category
Governmental
Related Field
State & Local
Examples in Context
- Known as the outright monetary transactions, the ECB essentially formalized the process by which it would intervene in the debt market of a eurozone member.
- Even with the contingent offer from the European Central Bank of outright monetary transactions, higher government debts would eventually trigger a crisis as much political as economic.
- Faced with this catastrophic scenario, Mr Draghi and the ECB staff came up with a new lifeline : outright monetary transactions.
- The ECB should then use its new policy of " outright monetary transactions " to lower interest rates on government debt to some 3 per cent.
- The programme of Outright Monetary Transactions(OMT), announced by the European Central Bank in 2012, might need to be implemented, to calm nerves.
Other meanings of OMT
One More Thing
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Object Modeling Technique
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Osteopathic Manipulative Therapy
Medical
Oceanography and Marine Technology
Academic