NZ FinMin Robertson, RBNZ Governor Orr agree to a new five-year funding agreement

New Zealand’s (NZ) Finance Minister Grant Robertson has agreed to a new five-year funding agreement with Governor Adrian Orr, the Reserve Bank of New Zealand (RBNZ) said in a statement on Friday.

The RBNZ added that the new agreement will provide the bank with an annual average of NZD115 million a year for its operations over the next five years.