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Australia household debt boom may be over, credit card consolidation

Posted by James Breen at 17 September 2008 7:6

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Australia's top main supporter on Wednesday said there was a good chance the colossal run-up of household debt of recent time could be advent to an end, perhaps to be replaced by an expansion of government borrowing. Speaking to trade leaders, Reserve Bank of Australia (RBA) Governor Glenn Stevens also said the country's financial approach was proving sound in the face of inclusive souk unrest. Stevens made no remark of monetary rule in his sermon, which touched on long-name trends like ..[more].

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