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Speaker 1: Another Reserve Bank rate cut. It was largely as expected

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Speaker 1: twenty five basis points. The rest of the press conference

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Speaker 1: and much of the monetary policy statement that followed, was

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Speaker 1: focused on the unpredictable global environment. We can't say this

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Speaker 1: because we don't know what Trump will do. We can't

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Speaker 1: be certain about that because Trump and the trade war, etc.

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Speaker 1: But at what point does unpredictability become predictable and therefore

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Speaker 1: not the great threat that we make it out to be. Yes,

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Speaker 1: Trump went nuts on Liberation Day, the sky fallon. He

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Speaker 1: then calls a ceasefire in May. The markets have recouped

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Speaker 1: all of their losses since then. The endices are patchy,

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Speaker 1: but largely back to where they were. Trade talks are ongoing.

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Speaker 1: The IMF yesterday upgraded Britain's growth. US consumer confidence actually

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Speaker 1: increased last month for the first time in five China's

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Speaker 1: industrial growth for April was positive yesterday. Our agricultural experts

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Speaker 1: are doing the business abroad. Trump rant and raves on Twitter.

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Speaker 1: He unannounces stuff as quickly as he announces stuff. He's impulsive,

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Speaker 1: he's emotionally reactive, vindictive, He's a weather vein the political

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Speaker 1: equivalent of Katie Perry. Because he's hot, then he's cold.

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Speaker 1: He's in then he's out, he's up, then he's down.

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Speaker 1: He's wrong when it's right, he's black when it's white.

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Speaker 1: You get where I'm going with this. The point is

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Speaker 1: we know this about him. We know he's unpredictable, and

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Speaker 1: that makes his unpredictability predictable. I reckon we aren't taking

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Speaker 1: his threats as seriously as we were two months ago.

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Speaker 1: Not the US consumer, not Chinese industry, not US, and

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Speaker 1: you know who else should stop paying him so much

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Speaker 1: damn attention the Reserve Bank. For more from Early edition

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Speaker 1: with Ryan Bridge. Listen live to News Talk said B

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Speaker 1: from five am weekdays, or follow the podcast on it

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Speaker 1: Heart radio