Reserve Bank of Australia: The impact of Trump's policies depends on how other countries respond

2024-11-14 10:05:36
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ChainCatcher news, Reserve Bank of Australia Governor Lowe stated that it is still too early to assess the impact of Trump's policies, as it is currently unclear what policies he will ultimately implement. She said, "We cannot act blindly." "What ultimately happens for Australia will depend on the responses of other countries," she added, "and we do not know how other countries will respond to tariffs." Lowe noted that most central banks around the world are still focused on "what they know," which is that inflation is declining, albeit slowly.

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