Discover and read the best of Twitter Threads about #OMOs

Most recents (2)

Excellent decision by RBI to reject bids of 66473Cr from banks,for 10000Cr OMO,that was scheduled today

Banks,sitting on excess liquidity of 4.06 lakh Cr&demanding high yields

By rejecting bids,#RBI,trying to push down yields to sub 6%&coax banks to lend,to boost credit offtake
Next #OMO bond purchase of 10000Cr,slated for 1stOct

Last OMO under #OperationTwist for 15000Cr,was on 26thMarch'20

RBI,injecting liquidity regularly via #OpTwist,wherein it buys long dated paper&sells short term paper

@narendramodi gov's efforts to flatten rate curve,laudable
MPC to meet between 29thSep-1stOct'20

#RBI slated to keep status quo&not lower rates--While Aug CPI at 6.69% is lower than July #RetailInflation of 6.93%,fact is,#CPI is still on higher side

RBI expected to continue with quantitative easing though,by doing #OMOs

Read 3 tweets
A much better performance from Powell. But his tone and body language clearly showed that he believed that the US economy is doing well and this is just an insurance cut against the Trump Trade War and global weakness
#Powell #FOMC #ratecut #Trump #Fed /1 @threadreaderapp
Powell was clear the US will not go to negative rates. He believes that asset purchases and forward guidance have worked in the past and that is the way forward as well.
#Powell #FOMC #ratecut #Trump #Fed /2
On yield curve inversion Powell does not see it as a recession indicator but rather a contraction in term premia driven by global low interest rates.
#Powell #FOMC #ratecut #Trump #Fed /3
Read 11 tweets

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