RBA's Edwards - Chatter over lower inflation target "wildly premature"

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