AUSTRALIAN HOUSEHOLDS' DEBT TO REMAIN HIGH: CENTRAL BANK.
Publication: AsiaPulse News
Publication Date: 28-MAR-06
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SYDNEY, March 28 Asia Pulse - The level of debt owed by Australian households would continue to be high but should not pose a significant threat to the nation's economic stability, the central bank says.
But easier access to loans and a proliferation of credit products could lead to problems if the current rosy economic climate become more difficult.
The Reserve Bank of Australia (RBA) has been closely monitoring household balance sheets and says it will be some time before alarm bells start ringing....
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