Mon, Dec 5, 12:48pm by Kevin Pitstock
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.
“The odds for a 25 basis points rate cut was at one point $2.30 and has now been backed into $1.55, which is a stunning shift in sentiment.”
December RBA Interest Rate Announcement Betting Market @ sportsbet.com.au
You can find all Sportsbet’s betting markets here : Sportsbet Australia
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