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OCR CUT
Talent shortage triggers AI adoption among insurersA shortage of trained insurance professionals is driving insurers to automate claims processing, underwriting, and customer onboarding. Thi...- Why the bond market won't bounce back to pre-war levelsIn light of the recent ceasefire, the prospects for global bond markets remain fraught with difficulty. Energy prices continue to climb, ac...
- India’s multilingual AI model for the worldIndia has launched Adi Vaani, the world's first AI-powered tribal language bridge, to preserve endangered languages and deliver essential s...
- RBNZ cuts OCR to 3% after economy stalls in Q2, inflation expected to ease by 2026Reserve Bank of New Zealand reduced interest rates. The Official Cash Rate now stands at 3 percent. This decision follows concerns about sl...
- Policybazaar for business introduces ClaimSetu: India’s first AI-led claims insights and scoring engine for group health insurance claimsPolicybazaar for Business (PBFB) introduces ClaimSetu, an AI-powered solution designed to streamline and accelerate Group Health Insurance ...
- ASB drops rates on popular home loans; what it mean for homeownersASB has lowered its fixed mortgage rates, aligning with cuts from other major New Zealand banks, following the Reserve Bank's decision to r...
- Westpac NZ slashes home loan rates after OCR cut, 3-year fixed now just 4.95%, check full listWestpac New Zealand has reduced lending and deposit rates following the RBNZ's OCR cut to 3.25%. Special fixed home loan rates now start at...
- BNZ lowers home loan rates ahead of anticipated OCR cut, sees 20% increase in customersThis decision comes before the expected official cash rate cut by the Reserve Bank of New Zealand on May 28. Bank officials mention a rise ...
- ANZ predicts deeper OCR cuts: A double-edged sword for NZ economyANZ economists now predict the RBNZ will cut the OCR to 2.5% due to a slower-than-expected economic recovery and global uncertainties. This...
- ANZ cuts fixed home loan and term deposit rates amid economic uncertaintyANZ bank has reduced fixed home loan and term deposit rates. This decision follows Reserve Bank of New Zealand's recent Official Cash Rate ...
- ANZ online banking up and running after suffering outage in New ZealandNearly 59% of the users faced issues with the ANZ app while 40% had problems with the internet banking interface and the remaining one perc...
- Westpac NZ cuts lending, saving rates after central bank's move; online banking hit by technical glitchWestpac New Zealand responded to the Reserve Bank's rate cut by lowering variable lending and savings rates, effective mid-April, aiming to...
- New Zealand Reserve Bank cuts official cash rate to 3.5% as Trump's tariff war rattles global economyThe Reserve Bank of New Zealand reduced the official cash rate to 3.5 percent on Wednesday. This decision followed global market instabilit...
- Westpac's Kelly Eckhold adjusts OCR predictions as US-China trade war looms largeKelly Eckhold, Westpac's chief economist, changed his forecast for New Zealand's Official Cash Rate. He now expects the Reserve Bank of New...
- Senate Democrats demand clarity about Musk's efforts at Education DepartmentSenate Democrats have raised concerns over Elon Musk's data collection activities at the Education Department, urging clarity on whether hi...
- Asia stocks weaken on the patient approach to rate cutsMSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slum...
- Best Scanners for 2024 in India for Effortless Document DigitisationAre you looking for a scanner that can help you take your documents on digital media? If yes, check out our article where we have shared th...
- Dollar slides on Fed cut bets; kiwi jumps after RBNZ strikes hawkish tone"Whilst the RBNZ were expected to hold, their statement struck a hawkish tone by stating that inflation remains too high," said Matt Simpso...
- New Zealand dollar climbs as central bank hikes, predicts a lot more to comeThe New Zealand dollar climbed on Wednesday after the country's central bank raised interest rates by half a point and sharply lifted its p...
- Asian shares lose steam on US recession fearsMSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent while Japan's Nikkei average lost 0.6 per cent.
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