Since August, the RBNZ has lowered the Official Cash Rate (OCR), recently making a 50-basis-point cut to 4.75%, with a further reduction anticipated at November’s policy decision. Orr highlighted the RBNZ’s strategy of steady, “incremental” easing, mentioning, “We’re being more incremental because we’re in calmer waters but also because of that lingering inflation persistence on the domestic side.”

Sam Altman’s AI U-turn: Trust less, upgrade soon
“It should be the tech that you don’t trust that much.”