As is borne out by the results of our study, these measures are likely to have made it easier, particularly for the smaller institutions that are less active in the money market, to obtain access to liquidity in these turbulent times. The Eurosystem has thus made a decisive contribution to stabilising the European money market, including the longer-term maturity segment.
We see progressing initiatives such as Te Ōhanga Maori, Climate Risk, and South Pacific Remittances as key to our purpose and vision. While Great Team, Best Central Bank remains our vision, we seek to deepen our understanding of its meaning and relevance through the concept of Matangirua ki Matangireia – working in unison, to fulfil our ultimate purpose.