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

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