Erratic Donald Trump is dark cloud on horizon for Michele Bullock as RBA considers interest rates

A ray of sunshine? Green shoots? You’d like to think that after weathering years of economic storms, surely there must be good times ahead. It started with the pandemic era shutdown of the global economy, quickly followed by the most serious inflationary outbreak in half a century that fed into a cost of living crisis and then a brutal round of rate hikes. With inflationary pressures receding, Reserve Bank of Australia governor Michele Bullock this afternoon is expected to deliver Australia’s second interest rate cut in the cycle, delivering cash strapped households some much needed relief. The RBA’s monetary policy…