Philip Lowe, an assistant governor at the Reserve Bank of Australia, on Thursday said there was continuing evidence of restraint in consumption and borrowing by Australian households.

Speaking at an event in Sydney, Australia, Lowe said: "Since 2005, only around 65 cents in every extra dollar of income has been spent. It now seems reasonably clear that after a long period of structural adjustment, many households are putting a little more aside each month than they were for most of the 1990s and