What does POMO mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand POMO in the Business field in general and in the Banking terminology in particular.

Permanent Open Market Operations

Federal Reserve purchase or sale of US treasures on the open market to add or drain reserves available to the banking system.

Business » Banking

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"POMO." Abbreviations.com. STANDS4 LLC, 2014. Web. 28 Jul 2014. <http://www.abbreviations.com/term/605819>.

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