Tuesday, October 18, 2016

RBA governor Philip Lowe warns Trump victory would not be a "benign event" for world

The governor of the Reserve Bank says the election of Donald Trump as US president would not be a "benign event" for the global economy.

Dr Philip Lowe says while there is no specific scenario planning for an increasingly unlikely Trump victory, the RBA prepares for events that could rock financial markets.

In his first official speech as RBA governor, Dr Lowe said the rise of protectionism was at the top of a list that was making him more worried.

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