The Latest Betting On Interest Rate Cuts

Punters are confident that there will be an RBA official interest rate cut tomorrow, but whether it is a decrease between 0.01 and 0.25 percent or 0.26 and 0.5 percent is the question, with both figures the short priced favourites with online bookmaker sportsbet.com.au.

A cut between 0.01 and 0.25 percent is the favourite at $1.90, with a decrease between 0.26 and 0.5 percent not far behind at $2.00.

For the interest rate figure to stay the same is priced at $5.50, while a decrease of 0.51 or more percent is next in the market at $14.

An increase appears extremely unlikely, with any increase priced at $201.

“With some real concerns on the stock market, It seems almost no chance that there will be an increase. A decrease looks on the cards, but by how much remains to be seen,” said sportsbet.com.au’s Shaun Anderson.

“We have a decrease between 0.01 and 0.25 percent as the most likely outcome, but only just ahead of a bigger increase between 0.26 and 0.5 percent.”

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RBA June announcement betting

$1.90 Decrease between 0.01 and 0.25 percent
$2.00 Decrease between 0.26 and 0.5 percent
$5.50 Stay the same
$14 Decrease of 0.51 percent or more
$201 Any increase