LATEST NEWS AND PROMOTIONS

MORE OF THE SAME FROM THE RBA NEXT MONTH

A change may be as good as a holiday, but no change has been even better for punters with online bookmaker sportsbet.com.au, including the customer who placed $20,000 on that option at $1.03 to make an easy profit of $600.

Today’s RBA announcement of No Change is expected to be repeated in July, with $1.05 on offer, which is literally better than bank interest.

A decrease by 0.01% to 0.25% is priced at $11 ahead of an increase by 0.01% to 0.25% at $21.

Looking ahead, 2.0% is the favourite to be the official interest rate at the end of 2015 and is a $2.35 chance according to the odds.

“The punters got it right this month and we’re expecting all of the money to come for another No Change in July,” said sportsbet.com.au’s Christian Jantzen.

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July RBA Decision
$11 Decrease by 0.01% to 0.25%
$51 Decrease by 0.26% or more
$1.05 No change
$21 Increase by 0.01% to 0.25%
$101 Increase by 0.26% or more

Interest rate at the end of 2015
$11 Under 1.5%
$4.00 1.5%
$3.00 1.75%
$2.35 2.0%
$6.00 2.25%
$21 2.5%
$26 2.75%
$34 3.0%
$51 Over 3.0%

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