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Speaker 1: With me.

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Speaker 2: Now is Remy Morgan Milford Asset Management. Hey, Remy hi Heaver?

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Speaker 2: How has the world or how has the world reacted?

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Speaker 2: Just how has the markets reacted to the ocr.

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Speaker 1: Yeah, So the twenty five basis point cut today that

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Speaker 1: was fully priced and by the market going into today.

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Speaker 1: But following the announcement, we saw the market slightly lower

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Speaker 1: some of its future interest rate cut expectations. Now, while

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Speaker 1: the RBNZ lowered its own forward expectation to roughly what

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Speaker 1: was in line with what the market had been pricing

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Speaker 1: going into the meeting, it did imply a slightly slower

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Speaker 1: pace of interest rate cuts. And what was surprising was

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Speaker 1: that one committee member actually voted to hold at this

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Speaker 1: meeting rather than cut, So that might also explain some

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Speaker 1: of the market's reduced expectations. Yeah.

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Speaker 2: The thing that we heard about a lot from the

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Speaker 2: Reserve Bank is uncertainty because there was just so much

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Speaker 2: going on globally. What impact does this having.

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Speaker 1: Yeah, So, like you say, there's a lot of uncertainty

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Speaker 1: going on around US policy and what this means for

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Speaker 1: glowbal economies. And we've seen a lot of volatility in

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Speaker 1: global financial markets over the past few months. So even

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Speaker 1: with lower boring rates in New Zealand, this uncertainty offshore

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Speaker 1: could see a delay in investment and consumption decisions domestically

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Speaker 1: and that can impact near term growth. And so that's

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Speaker 1: something that the rbnzaid considered in depth at today's statement

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Speaker 1: and they will need to continue to monitor that.

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Speaker 2: Hey, pretty amazing result from Fisher and Pikeal Healthcare. What's

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Speaker 2: the market reaction to that then?

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Speaker 1: Yeah, So Fisher and Pikeal Healthcare, it's one that's always

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Speaker 1: very closely followed by the New Zealand market. So, as

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Speaker 1: you said, result was very strong. This year's revenue was

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Speaker 1: up sixteen percent first last year net profit up forty

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Speaker 1: three percent. The forward profit guidance for next year was

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Speaker 1: also solid enough, despite some tariff noise, so another ten

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Speaker 1: percent growth at the midpoint expected for next year. But

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Speaker 1: despite the solid result, the market expectations were a little

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Speaker 1: bit higher, so that meant the stock actually closed down

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Speaker 1: four point four five percent on the day.

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Speaker 2: Remy, it's good to talk to you. Thank you for that, mate.

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Speaker 2: That's Remy Morgan Milford ASIC Management. For more from Hither

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Speaker 2: Duplessy Allen Drive listen live to news talks it'd be

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