Reserve Bank governor Philip Lowe says a win by Donald Trump in the US presidential election would be a surprise to many in financial markets.
However the RBA head has told a parliamentary committee he does not think a specific contingency plan is necessary to meet any market shock that might arise, such as that which followed the surprise Brexit vote.
"We haven't got a particular contingency plan for that event, but we would be watching the markets and we have the capability to respond if there was an adverse response," Dr Lowe told the House of Representatives economics committee hearing in Sydney.
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