RBA’s Edwards – Chatter over lower inflation target “wildly premature”
By FXStreet In a WSJ interview, RBA’s board member John Edwards commented on Australia’s inflation outlook.
Key Quotes:
Chatter over lower inflation target “wildly premature”
No urgency to restore inflation to target
2 to 3% inflation target has always been flexible
Inflationary expectations remain anchored
Government needs a faster and more plausible path back to surplus …
Ratings agencies may lose patience, AAA at risk
Economy has ‘pep’, its adding jobs
Ammunition remains to fight shocks to the economy
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Source:: FX Street
