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Speaker 1: If you weren't already feeling confident about twenty twenty six,

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Speaker 1: I've got two reasons that you should. At least two

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Speaker 1: major retail banks see signs of an economic recovery next year.

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Speaker 1: And we have a new Reserve Bank governor. Now, no

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Speaker 1: pressure on Anna Bremen, but she hasn't arrived a day

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Speaker 1: too soon, given that the old lot was still managing

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Speaker 1: to stuff things up until literally the last chance they

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Speaker 1: had with Christian hawksby saying whoopsie the wrong thing and

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Speaker 1: then sending the wholesale market rates and therefore the fixed

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Speaker 1: term interest rates up by thirty basis points. Now, to

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Speaker 1: be fair to him, he was only the fill in.

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Speaker 1: And if we're honest with ourselves, it's probably more hope

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Speaker 1: than certainty that the Swedish import will be any better

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Speaker 1: than hawksby and all. But then again, you could argue

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Speaker 1: it really would be hard to be worse given the

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Speaker 1: last four years. But we're here for the good news

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Speaker 1: at the moment he hears the good news for you.

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Speaker 1: The good news is that Anna Bremen arriving as the

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Speaker 1: new broom coincides with ASB and now Kiwibank all saying

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Speaker 1: it's on the are seeing recovery signs for twenty twenty six.

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Speaker 1: Kiwibanks call arguably matters more than anyone out in any

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Speaker 1: one others because these guys have been the gloomiest. They've

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Speaker 1: been calling for more rate cuts than the Reserve Bank

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Speaker 1: was prepared for, warning it was more grim out there

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Speaker 1: than the Wellington Bank has realized. And Kiwibank has been

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Speaker 1: right consistently, So here's hoping they're right again when they

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Speaker 1: say sales are already up, and when sales go up,

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Speaker 1: everything else goes up. House prices are up two to

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Speaker 1: three percent next year, the economy is growing two point

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Speaker 1: four percent next year, and then it's three percent the

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Speaker 1: following year. Now, I don't know about you, but that combo,

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Speaker 1: a new person in charge of the Central Bank and

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Speaker 1: growing consensus that the recovery is now on is probably

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Speaker 1: the best Christmas present I could have wished for. For

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Speaker 1: more from the Mic Asking Breakfast, listen live to news

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Speaker 1: talks that'd be from six am weekdays, or follow the

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Speaker 1: podcast on iHeartRadio.