The programme, dubbed Outright Monetary Transactions, or OMT, is yet to be deployed and Italy could find itself outside the ECB's umbrella if it cannot form a government prepared to adhere to its rules.
What does OMT stand for?
OMT stands for Outright Monetary Transaction (European Central Bank)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of OMT
We have 108 other meanings of OMT in our Acronym Attic
- Organizzazione Mondiale del Turismo (Italian: World Tourism Organization)
- Organophilic Montmorillonite (polymer science)
- Orientations à Moyen Terme (French: Medium-Term Guidelines; occupational hazards)
- Orthogonal Mode Transducer (US DoD)
- Orthogonal Modeling Technique
- Orthomode Transducer
- Oscillating Multi-Tool
- Osteopathic Manipulative Therapy
- Osteopathic Manual Therapy (healthcare)
- Our Mothers Tried (band)
- Overhead Message Train
- Object Modeling Technique for Driver Development
- Operational Maintenance Test(ing)/Test Plan (US DoD)
- Oberlin Musical Theater Association (Oberlin College, Oberlin, Ohio)
- Off-Main-Thread Animations (Firefox)
- Ohio Music Teachers Association
- Old Mobeetie Texas Association
- Ontario Massage Therapist Association (Canada)
- Open Mobile Terminal Alliance (mobile-phone industry)
- Oregon Music Teachers Association, Inc.
Samples in periodicals archive:
The ECB cheered investors in September with its bond-buying programme, which is known as the outright monetary transaction and has seen the central bank buying bonds between one and three-year terms which can have no limits.
Spain's 10-year yield climbed for a fourth consecutive week, the longest run of increases since June 2012, as the nation's government refrained from asking for aid from the European Central Bank's (ECB) Outright Monetary Transactions (OMT) programme.
Draghi noted that the ECB is prepared to start outright monetary transactions programme.
The central bank has said it is ready to buy bonds of debt-strained governments such as Spain and Italy once they sign up to a European bailout programme with strict conditions, under a programme dubbed Outright Monetary Transactions (OMTs).
The difference today is that the recent economic landscape has been dominated by central bank actions, with large-scale quantitative easing programmes from the US Fed, and the Bank of Japan, and the announcement of the Outright Monetary Transactions by the ECB.
He also said the central bank's prospective Outright Monetary Transactions are unlimited without being unconditional.