November 2024 Monetary Policy Statement

Presentation

Speaker(s): Karen Silk
Date: 7:00am — 9:00am, 29 November 2024
Venue: The Northern Club
Location: 19 Princes Street, Auckland
Price members: $75.00 incl GST
Price non-members: $129.00 incl GST

Overview

Assistant Governor/General Manager Economics, Financial Markets and Banking, Karen Silk, will discuss the Reserve Bank of New Zealand’s (RBNZ’s) November Monetary Policy Statement and economic projections.

The quarterly Official Cash Rate is announced on 27 November so get the very latest, timely analysis. What is the process used which leads to a cut in the OCR? How did the process play out in the latest rate cut? What is the current outlook for the RBNZ on economic growth, inflation, and unemployment? Does economic growth and lower inflation equal a healthy economy or does the RBNZ consider other factors in their assessment of a healthy economy?

Karen Silk

Assistant Governor/General Manager Economics, Financial Markets and Banking, Reserve Bank of New Zealand

Karen is a highly experienced financial services executive with a strong track record of building and transforming businesses across both Australia and New Zealand.

Since returning to NZ in 2012 Karen has held a number of senior executive roles with Westpac New Zealand including: General Manager Institutional and Business Banking; CEO of Westpac’s NZ Branch covering financial markets and international operations; CEO of Westpac’s insurance arm, Westpac Life; CEO of Westpac Funds Management arm, BTNZ and more recently as General Manager of the Experience Hub leading the design and delivery of products and services for Westpac’s New Zealand customer base.

In addition, sustainability has been a key focus for Karen since her return to NZ. Karen co-chaired the Sustainable Finance Forum on behalf of the Aotearoa Circle, a joint business and Government initiative, which publicly released its Roadmap for Action in 2020. Karen has been a board member of the NZ Sustainable Business Council since 2017 and was appointed Chair in 2019.

Prior to returning to New Zealand in 2012, Karen held a range of senior positions within Westpac Australia, including Managing Director and Global Head of Debt / Debt Capital Markets for Westpac Institutional Bank. Karen is a graduate of Canterbury University and INSEAD Alumni.

Additional information

Covid-19 precautions

By registering for this event you are confirming that you agree to adhere to our Covid-19 health and safety measures. If you are unwell or have any Covid-19 symptoms please do not attend this event.