Trump’s announcement of a suite of policies may make the RBA ‘get a little bit worried’

EY Oceania chief economist Cherelle Murphy claims the Reserve Bank of Australia may start to “get a little bit worried” after President-elect Donald Trump announced a suite of policies. “I think we’re likely to see something towards the middle of next year, but I have to say that with the election of President Trump and a suit of policies which look to be very inflationary ... the Reserve Bank may start to get a little bit worried about that,” she said. “So, by the time that we’re ready to lower rates because domestic factors have eased, it is possible we’re being hit by another sort of ... inflationary pressures from overseas so we’ve got to watch that.”