We also have to work on spreading financial services to the excluded, for once they learn how to manage finances and save they can be relied on to borrow responsibly. New institutions and new products to seek out financial savings in every corner of the country will also help halt the erosion in household savings rates, as will a low and stable inflation rate.
Ric Battellino: Aspects of Australia’s finances Address by Mr Ric Battellino, Deputy Governor of the Reserve Bank of Australia, to Financial Executives International of Australia, Sydney, 15 June 2010. *  *  *  Given the financial orientation of this group, I thought I would focus my remarks today on some aspects of Australia’s finances.