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

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Recorded16 Apr 2025

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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 ABOVESee omnystudio.com/listener for privacy information.

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