it has increased the maturity of its refinancing operations, it has augmented the frequency of its finetuning operations, and it has occasionally applied different tender specifications.
8  BIS Review 43/2008  Box 1  Adjustments to open market operations during the recent turmoil Distribution of liquidity supply The main reason for adjusting the distribution of liquidity supply during the turmoil was the perceived change in the pattern of the demand for liquidity within the maintenance periods.