Reserve Bank of New Zealand (2019c): The remit for the Monetary Policy Committee. Ref #9122402 v2.12  21  For example, there are a number of specific features for New Zealand that have shaped our balance sheet response to COVID-19.
  The relative importance of the FX swap market made this a focal point of actions to restore the functioning of New Zealand’s money markets.   The relatively small number of intermediaries, local investors and hedging tools in the NZ Government Bond market shaped the design of the LSAP programme.