Monetary operations without restrictions (of the English Outright Monetary Transactions or OMT), known in Spain as monetary transactions of sale (OMC), following the terminology used by the European Central Bank (ECB), and also as direct monetary transactions, they constitute a mechanism by which the ECB can buy in the secondary market of public debt, under certain conditions, bonds issued by the Member States of the Eurozone. Launching
On August 2, 2012, the Governing Council of the ECB announced that it would begin its WTO project with the aim of "contributing to safeguard an adequate transmission of monetary policy and the firmness of monetary policy".
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