While an RBA interest rate cut looks a safe bet next week, the real question is which of the big four banks will be the first to pass on the rate cut, with online bookmaker sportsbet.com.au installing the NAB as the $2.65 favourite. Westpac and the Commonwealth Bank are next in the market at $3.00 each to be the first to pass on any rate cut, while ANZ customers look set to be in for another long wait, with their bank considered an $8.00 outsider to act first. A decrease in the interest rate between 0.01 and 0.25 looks to be a good bet at $1.22, while home owners can breathe easy knowing that any increase in the interest rate ...
Punters with leading online bookmaker sportsbet.com.au believe there’s a good chance mortgage holders will receive some welcome relief in the form of an interest rate cut at tomorrow’s Reserve Bank of Australia board meeting. The odds for a 25 basis points cut tomorrow is $1.55, while $2.40 is available for those who believe rates will remain on hold. “Punters clearly believe we’re in for an early Christmas present in the form of a December rate cut and we’re in agreement,” sportsbet.com.au’s Haydn Lane said....
When betting opened immediately after last week’s RBA announcement, the odds with online bookmaker sportsbet.com.au on an interest rate decrease in September were $11. This has now been slashed into just $1.80, while the price for rates to remain unchanged in September has ballooned from $1.08 out to $1.72. In betting on the next move in interest rates – irrespective of when the next move occurs – a cut in rates is the hot $1.36 favourite, ahead of a rise at $2.90. “The shift in betting on September’s RBA interest rate announcement is astonishing and almost every bet we’ve taken in the past 48 hours has been for a cut in rates,” sportsbet.com.au’s Haydn Lane said. September RBA Interest Rates ...
