New governor of the Reserve Bank of Australia Philip Lowe made a speech earlier

Link here, and from the Q&A here

He had plenty to say on the economic outlook and also on prospects for monetary policy

But ... he also said this (at the second link, above):

  • Possible election of Donald Trump as President unlikely to be as benign an event as Brexit

The non-financial press has latched onto that comment.

For example, the Sydney Morning Herald:

  • "We thought about this in Brexit but that turned out to be a fairly benign event in markets. The possible election of president Trump I suspect wouldn't be as benign an event, but we don't have a Trump plan, what we do is have a generic response plan to a whole range of shocks"

I wonder if Trump will respond, you know, "Sad", that sort of thing?