Sportsbet Tipping Australian Banks Will Keeps Rates On Hold After RBA Announcement

The RBA has spoken and the Big 4 banks will listen according to punters, with the Big 4 banks to follow the trend set by the RBA and keep their interest rates on hold this month priced at $1.20 with online bookmaker sportsbet.com.au.

If one of the Big 4 banks is to break the trend and move their interest rate regardless of the RBA’s decision, it looks likely to be the ANZ, priced at $5.50 to move their rate either up or down this month.

NAB are seen as the next likely at $7.00, followed by the Commonwealth Bank and Westpac both at $15.

“Despite the banks moving their rates regardless of the RBA’s announcement in previous months, we are tipping them to sit tight this time around and not stir the pot too much, which is obviously a massive relief for home owners,” said sportsbet.com.au’s Shaun Anderson.

While things are tipped to remain as they are this month, punters can expect the RBA to lower the official interest rate in May, priced at $1.45 for a decrease between 0.01 and 0.25 percent to occur.

The interest rate to stay the same is next in the market at $2.40 while any increase looks out of the question, priced at $15.

“There has already been strong indication that the RBA will cut the rate next month. But whether the Big 4 banks follow their lead will remain to be seen.”

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First bank to move after RBA announcement

(Which big 4 bank will be first to move their variable interest rate this month. Move can be up or down)
$1.20 No change
$5.50 ANZ
$7.00 NAB
$15 Commonwealth
$15 Westpac

May RBA announcement betting

$1.45 Decrease between 0.01 and 0.25 percent
$2.40 Stay the same
$15 Decrease between 0.26 and 0.5 percent
$15 Any increase
$51 Decrease between 0.51 percent or more