11. Open market operations are flexible and thus, the most frequently used tool of monetary policy.12. Open market operations are the primary tool used to regulate the supply of bank reserves.13. The use of open market operations is therefore preferred. 14. Central banks in more developed nations routinely use open market operations to manipulate interest rates. 15. The reason is that central banks'open market operations cannot be separated from regular open market operations. 16. The reason is that central banks'open market operations cannot be separated from regular open market operations . 17. Now, the article on open market operations refers to operations by central banks, not by governments. 18. Moreover, the CNB conducts open market operations in the form of repurchase agreements ( REPOs ). 19. In effect, it can be steered by the French central bank through its daily open market operations . 20. Usually, the short-term goal of open market operations is to achieve a specific short-term interest rate target.
