The liquidity impact of any RRR reduction will be neutralized through offsetting open-market operations
and transactions with the national government,' Espenilla said.
42) worth of three-month bills in an open-market operation
on Tuesday, reports Dow Jones.
This divergence between discount rate policy and open-market operations
could have resulted either from the New York Fed's having lost control over open-market operations
or from the Fed's having a sense that there was no further need for monetary ease because there was no demand for it, as indicated by a lack of member-bank borrowing and low nominal interest rates.
It starts by using open-market operations
in an effort to achieve "operating targets," which are the values of bank reserves and the federal funds rate that it believes are consistent with achieving the values of "intermediate targets" (e.
The central bank injected a net CNY28bn into the money market last week through its open-market operations
94bn) worth of one year bills in its open-market operation
The bank pulled out CNY86bn from the banking system this week through its regular open-market operations
The central bank, which performs open-market operations
on Tuesdays and Thursdays, has drained a net CNY103bn from the money market last week.
002 percent as the BOJ deferred open-market operations
to absorb funds from financial institutions.
The apex bank said that it was ready to expand its role in open-market operations
and offer cash to banks as the liquidity condition in the nation was coming under strain.
The People's Bank of China (PBOC), which carries out regular open-market operations
on Tuesdays and Thursdays, has drained a net CNY49bn from the money market last week.
9 Kyodo The Bank of Japan (BOJ) plans to soon include short-term debt-financing bills (FBs) among the financial vehicles it uses in its open-market operations
to control liquidity in the money market, BOJ officials said Tuesday.