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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/cdcb4c3d-87d0-47b0-91ce-b2c1006a5276/transcript