It’s never enough bubble for Joshy Recessionberg:
The big four banks will be officially investigated for their repeated failures to pass on the full extent of central bank rate cuts to consumers under a government-launched probe into home-loan gouging.
Josh Frydenberg has directed the Australian Competition & Consumer Commission to investigate the pricing of residential mortgages as the sector continues to snub its nose at the Reserve Bank, despite an overall fall in funding costs for the banks.
