Your institution may have access to this item. Find your institution then sign in to continue.
Title
The injection of reserves via bond-purchase OMOs.
Abstract
The article explains the rationale for new open market operations (OMOs) of the Bank of England for bond purchases. The bank has introduced voluntary reserves as part of the reforms to its money market framework. The money paid in its OMOs could be attributed to the reserves accounts of holders of the bank. The institution will reduce the size of its banking system refinancing by buying longer-term assets.