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Speaker 1: So to Christian and his bunch of mery travelers who

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Speaker 1: delivered more interesting news than we thought. Yes, twenty five points,

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Speaker 1: but for the first time you have a four to

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Speaker 1: two vote. More importantly, they missed the Q two contraction

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Speaker 1: and as a result we're most likely to get two

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Speaker 1: more cuts before Christmas. Adrian big b is the MD

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Speaker 1: of lending company prosper Enders with US Adrian, good.

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Speaker 2: Morning, Good morning mate.

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Speaker 1: Did you get a lot of confidence out of them

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Speaker 1: yesterday or not?

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Speaker 2: Oh? Nonstand I think everyone was expecting the twenty five points.

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Speaker 2: Some people were hoping I'm fifty, but twenty five points

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Speaker 2: will do for now. It does help a lot. Do

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Speaker 2: you know that our New Zealand interest rates we were

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Speaker 2: forty seven percent higher at the peak of the increasing

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Speaker 2: the rates than we were pre COVID. It's a huge

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Speaker 2: amount out of people's pockets. It's a huge amount of

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Speaker 2: people to be able to spend and go out and

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Speaker 2: to help the economy.

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Speaker 1: Exactly, why are we in a funk?

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Speaker 2: Why are we in a funk? It's interesting, isn't it.

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Speaker 2: I listened to your shell all the time, so I

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Speaker 2: loved luxm quote the other day. Actually, when you were

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Speaker 2: talking to him about turning the ship around or getting

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Speaker 2: the getting the car out of a ditch and turning

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Speaker 2: the economy around. So that takes a long time. The

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Speaker 2: economy stall. So that comes out of we come out

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Speaker 2: of their recession, we come out of COVID and that

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Speaker 2: this impacts everyone's pocket The rates go out, the people's

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Speaker 2: value in their houses go down, so that impacts confidence.

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Speaker 2: Confidence drives so much in the economy.

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Speaker 1: Do people want money at the moment? Is there a

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Speaker 1: sense of eye can take a risk or not?

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Speaker 2: When it comes to business lending and starting, we see

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Speaker 2: it in our data. So we are kind of the

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Speaker 2: canary in and I'm in the mind because we are

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Speaker 2: leading to the small businesses. So when we're leading into

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Speaker 2: small businesses, the key data point that I watch is

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Speaker 2: the approval to settlement, so that shows that business that's

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Speaker 2: are actually confident to take the money. So the confidence

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Speaker 2: to take the money and the use of funds as well,

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Speaker 2: So we watch the use of funds. The thing that

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Speaker 2: was really interesting with when the budget come out with

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Speaker 2: that investment boost that they came out with, so we

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Speaker 2: saw an initial intake of people taking money to invest

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Speaker 2: in their businesses. So that has continued, But as the

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Speaker 2: confidence is returning and people have money to spend, that

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Speaker 2: helps them to get more confidence to be able to

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Speaker 2: invest in their business. We see that in our data

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Speaker 2: now good.

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Speaker 1: So what Christian said yesterday broadly, as things are ish

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Speaker 1: coming right, they will continue to come right. By twenty

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Speaker 1: twenty six, he sees some form of normality. You would

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Speaker 1: agree with that, Yes, yes, we would.

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Speaker 2: Everyone was hoping that you get to thrive, to survive

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Speaker 2: to twenty five or then thrive in twenty five, but

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Speaker 2: people are looking forward to twenty six. So I think

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Speaker 2: getting through the end of this year still there's still

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Speaker 2: a lot of pain out there. That's still some tough,

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Speaker 2: tough things to do, but it is improving. And when

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Speaker 2: you see that those data points to start to improve,

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Speaker 2: then that gives my business confidence as well as our

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Speaker 2: customers to be able to move forward and to really

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Speaker 2: start growing good stuff.

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Speaker 1: I Adrian appreciate time very much. Adrian Bigbie, who's the

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Speaker 1: managing director of Prosper Morning Mike our Homeland, is currently

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Speaker 1: on floating any advice on when to fix and how long? Yes,

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Speaker 1: I do stand by

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