Ryan Bridge: Trump's unpredictability is predictable

Early Edition with Ryan Bridge · May 28, 2025 · 2m · transcript

Another Reserve Bank rate cut.

It was largely as expected - 25 basis points.

The rest of the press conference and much of the Monetary Policy Statement itself was focused on the ‘unpredictable’ global environment.

We can’t say this because we don’t know what Trump will do. We can’t be certain about that because XYZ. Trade war, etc, etc.

But at what point does unpredictability become predictable, and therefore not the great threat we make it out to be?

Yes, Trump went nuts on Liberation day. The sky fell in, then he calls a ceasefire in May. The markets have recouped all their losses, the…