Australia: Green Party Introduces Legislation to Stop Further Increase in Mortgage Interest Rates

From Bloomberg:

Australia’s Greens Party will introduce legislation in the lower house today in a bid to place restraints on the ability of Westpac Banking Corp. and its closest competitors to increase mortgage interest rates. The Greens aim to put a 24-month freeze on the so-called “Big Four” domestic banks, banning them from raising their interest charges by more than the Reserve Bank of Australia’s increases . . .