Punters Not Banking On Big 4 Bankks Passing On Full Rate Cut

None of the big four banks are tipped to pass on today’s RBA interest cut in full according to a market with online bookmaker sportsbet.com.au.

$1.20 has been priced for none of the big four banks to pass on the full cut.

If one of the big four does follow the RBA’s lead, it looks likely to be the NAB, priced at $3.50 to be the first pass on the full decrease.

CBA are next in the market at $4.50 followed by ANZ at $6.00.

Westpac are the outsiders at $8.00.

“You only need to look at the last few months to see that it is unlikely any of the big four banks will pass on the full rate cut,” said sportsbet.com.au’s Shaun Anderson.

“It doesn’t look like any will go the full decrease however if one does decide to follow the RBA’s lead, it looks likely to be the NAB who have been priced at $3.50 to act first.”

The official interest rate appears likely to stay on hold next month, priced at $1.80 to stay the same. Another decrease between 0.01 and 0.25 percent is next in the market at $2.00.

These promo betting odds are direct from Sportsbet.com.au. Bet with Sportsbet Australia, enjoy these odds and receive a $500 Sportsbet Free Bet. Just use the Sportsbet Promo Code 27110 when joining Sportsbet.

1st big 4 bank to give RBA June cut in full

$1.20 None of the big 4 banks
$3.50 NAB
$4.50 CBA
$6.00 ANZ
$8.00 Westpac

RBA July announcement

$1.80 Stay the same
$2.00 Decrease between 0.01 and 0.25 percent
$5.50 Decrease between 0.26 and 0.5 percent
$17 Decrease of 0.51 percent or more
$34 Any increase