Australia politics live: PM ‘looks forward’ to working with Trump; RBA chief to face parliamentary grilling

Anthony Albanese prepares for a new era in foreign policy with Republican win in US election. Follow today’s news live

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Good morning and welcome to our live politics blog. I’m Martin Farrer with the best of the overnight stories and then Tory Shepherd will take the controls.

There’s really only one place to start this morning and that is Donald Trump’s election win. Anthony Albanese sent his congratulations and said he looked forward to talking with Trump and working with him “in the best interests of both our nations”. Peter Dutton, Scott Morrison and Tony Abbott all delivered messages of congratulation to Trump, with the latter saying Trump had the self-belief the “west needs … in spades”. More reaction coming up.