You have 0 free articles left this month.
Advertisement

Greens push for rate hike ban

16 NOV 2010 1 min read Finance

Sick of government inaction, the Greens are seeking to put a two year ban on banks lifting their home loan interest rates out of cycle with the Reserve Bank.

spi default article image em4omm

According to The Australian Financial Review, the Greens would also like to force Australia’s lenders to introduce a fair price variable interest rate mortgage product.

Greens MP Adam Bandit said the changes to legislation would prevent banks from excessively lifting mortgage rates outside the RBA and increase competition among the major and independent banks.

You need to be a member to post comments. Become a member for free today!

Related articles

spi subscribe logo

Get the latest news & updates

Join a community of over 80,000 property investors.