Reserve Bank of Australia Board member John Edwards
In a Wall Street Journal interview
- Says 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