OMO Result: SBP mops up Rs460bn from market

MG News | December 31, 2024 at 12:10 PM GMT+05:00

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December 31, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) in which it mopped up a total of Rs460 billion from the market.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
03-Day	Repo Sale (Mop up)	460,000	460,000	12.90 - 12.95	12.95	2	2
Total		460,000	460,000

Open Market Operation is a tool used by a Central Bank (or monetary authority) to inject or mop-up funds, based on the liquidity requirements, from the banking system via the purchase or sale of eligible securities.

Operationally, in case of OMO (Injections), SBP lends funds to banks/PDs against eligible collateral to address liquidity shortage in the system.

In OMO (Mop-up), SBP sells MTBs to banks against funds to remove surplus liquidity from the system.

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