Ex-RBA’s Edwards: RBA should not move policy until it sees higher CPU, wages

Forward RBA board member John Edwards crossed the wires over the weekend, as he spoke to Bloomberg television on the RBA’s next policy move.

Key Headlines:

Was not surprised the neutral tone in last week's statement

RBA should not move policy until it sees higher CPU, wages

Wage growth looks to have bottomed in Australia

Last month, Mr. Edwards note, via Bloomberg, RBA could raise rates eight times in two years.