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Outright monetary transactions

which denotes the European Central Bank's purchases of bonds issued by Eurozone member-states

Pronunciation
/ˈaʊtrʌɪt ˈmʌnɪtəri trɑːnˈzakʃənz/
/ˈaʊtraɪt ˈmɑnəˌtɛri trænˈzækʃənz/