OMO Result: SBP mops up Rs460bn from market
MG News | December 31, 2024 at 12:10 PM GMT+05:00
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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