RBA’s John: No Quick Fix to Lift Inflation - TDS
Research Team at TDS, notes that there was no data out today, but
snippets of a Dow Jones interview with RBA Board Member John Edwards got
some airplay.
Key Quotes
“The main points he made were 1) The 2-3% inflation target remains the
cornerstone of RBA policy making; 2) The inflation target should be
viewed as a medium term target; 3) There is a suggestion in the article
that the RBA is in no rush to meet its inflation target “But then it has
never been the view that the target had to be achieved each and every
quarter, or for that matter each and every couple of quarters, or year
for that matter “; 4) There is no quick fix to lift inflation; 5) The
fiscal trajectory is not plausible; 6) If Australia loses its AAA
rating, it would be a ‘big deal’.”
