The Finance Minister is confident in the operational funding she's giving the Reserve Bank. 

Nicola Willis has signed the bank up to a new five-year agreement - 25 percent under the billion dollars sought by the central bank.

Willis says she's peeled back the $200 million a year the Reserve Bank had budgeted for - to $150 million.

"Not just - are we taking it back to that figure? But we're saying, we want you to stop this pattern of the number escalating every year. We want that to hold steady."

Willis says the 750-million dollar budget gives the Bank enough to carry out its statutory functions well. 

LISTEN ABOVE

The Finance Minister is confident in the operational funding she's giving the Reserve Bank.&nbsp;
Nicola Willis has signed the bank up to a new five-year agreement - 25 percent under the billion dollars sought by the central bank.
Willis says she's peeled back the $200 million a year the Reserve Bank had budgeted for - to $150 million.
"Not just - are we taking it back to that figure? But we're saying, we want you to stop this pattern of the number escalating every year. We want that to hold steady."
Willis says the 750-million dollar budget gives the Bank enough to carry out its statutory functions well.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Nicola Willis: Finance Minister says she's satisfied with the balance struck over Reserve Bank funding

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e50e7553-9735-4524-9a53-b2c1006a5ebc/transcript