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AUSSIES AND KIWIS THE SAME…ON JULY CASH RATE DECISIONS

Like we’d ever be like those Hobbits across the ditch with their weird non-vanilla flavoured Milo.

But the Reserve Bank of New Zealand have cut interest rates for the first time in more than four years and the odds from online bookmaker sportsbet.com.au suggest it was a once off.

The bookie is offering $1.52 for no change with their July decision – copying ourselves really as we’re $1.04 for no change too.

Kiwis making a back to back cut is not completely ruled out, offered at $2.40.

“Luckily we’ll have our July RBA decision before they do, imagine if they had to make their own mind up for once without mimicking us,’’ said sportsbet.com.au’s Will Byrne.

Markets courtesy of sportsbet.com.au: Join Sportsbet.com.au Here. Free

New Zealand Official Cash Rate July Decision
$11 Decrease by 0.26% or more
$2.40 Decrease by 0.01% to 0.25%
$1.52 No change
$34 Increase by 0.01% to 0.25%
$101 Increase by 0.26% or more

RBA July Decision
$11 Decrease by 0.01% to 0.25%
$51 Decrease by 0.26% or more
$1.04 No change
$21 Increase by 0.01% to 0.25%
$101 Increase by 0.26% or more

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