Australia central bank sees danger in high household debt

Sydney

THE head of Australia's central bank gave the clearest signal yet on Wednesday that further cuts in interest rates would not be in the national interest as the danger of a debt-fuelled boom and bust was just too severe.

The Reserve Bank of Australia (RBA) has kept interest rates at a record low 1.50 per cent since last easing in August, and governor Philip Lowe hopes the current setting wi…