Macfarlane - Do Australians borrow too much?

In a speech on 'Do Australian Households Borrow Too Much?' Ian Macfarlane of the Reserve Bank of Australia said that although household debt/income has increased since the 1980s, the risks have not increased significantly. This is due to the less volatile interest rates seen in what is now a low inflation environment.

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Speech by I.J. Macfarlane, Governor of the Reserve Bank of Australia to The Sydney Institute

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