In this episode of the Daily Financial Services News Wrap, our host Paige Estritori covers major financial news in Australia. nnFirstly, she announces a new strategic partnership between Insurance Australia Group (IAG) and Ag Guard, which is set to enhance financial solutions and risk selection for rural customers. This will start next June with Ag Guard taking on the underwriting for IAG's CGU and WFI's crop insurance portfolios.nnThe next topic is the Reserve Bank of Australia's decision to maintain the cash rate at 3.6%, despite concerns of inflation due to rising electricity costs and household expenditure.nnLastly, ANZ Bank's altered forecast of the cash rate is discussed indicating no cuts until Feb 2026. The bank's prediction aligns with other major banks and emphasises the importance of seeking financial advice in this fluctuating economic climate.nnEstritori concludes with news from the RBA's recent statement regarding Australia's economic trajectory and inflation rates.

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