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OMO Result: SBP mops up Rs460bn from market

OMO Result: SBP injects around Rs2.43tr
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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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Posted on: 2024-12-31T12:10:34+05:00