Watchdog unleashed on big banks' rates

By Angus Livingston and Daniel McCulloch
Updated October 14 2019 - 1:38pm, first published 1:37pm
Treasurer Josh Frydenberg has directed the competition watchdog to investigate mortgage costs.
Treasurer Josh Frydenberg has directed the competition watchdog to investigate mortgage costs.

The big banks will explain to the competition watchdog why they're not passing on interest rate cuts, as customers are urged to shop around instead of staying with their lenders.

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