Former RBA board member Edwards says wage growth looks to have bottomed

John Edwards speaking to Bloomberg television

• 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

Edwards was in the news a couple of weeks ago:

• It seems to me that something like eight quarter percentage point tightenings over 2018 and 2019 are distinctly possible, if the RBA's economic forecasts prove correct.

Yeah, no. Ain't gonna happen.