Thursday, 10 June 2010

Castle Hill. Stevens on household spending

Households are becoming more financially conservative, with encouraging signs they are reducing debt and spending less, Reserve Bank of Australia governor, Glenn Stevens, said at a function organised by the Parramatta-based Western Sydney Business Connection, at the Castle Hill RSL Club. He said a shift to lower household spending would be “no bad thing” and could help reduce wage and inflationary pressures, allowing interest rates to remain lower.



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