Money Comes For Interest Rate Cut With Online Bookmaker

An RBA official interest rate cut between 0.01 and 0.25 percent appears the most likely outcome today according to punters, with that figure firming from $1.90 to a short $1.50 in the last 24 hours with online bookmaker sportsbet.com.au.

A decrease between 0.26 and 0.5 percent has drifted from $2.00 to $2.60 as has the figure to stay the same, moving from $5.50 to $6.00.

A larger decrease of 0.51 percent or more has also drifted from $14 to $34, while an increase still appears to be a long shot, out from $201 to $301.

“A decrease now appears a certainty, with all the money coming for a cut between 0.01 and 0.25 percent, which has been very well backed by the punters particularly over the last 24 hours,” said sportsbet.com.au’s Shaun Anderson.

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RBA June announcement

$1.50 Decrease between 0.01 and 0.25 percent (in from $1.90)
$2.60 Decrease between 0.26 and 0.5 percent (out from $2.00)
$6.00 Stay the same (out from $5.50)
$34 Decrease of 0.51 percent or more (out from $14)
$301 Any increase (out from $201)