Bookie Sportingbet.com.au makes it odds-on that the official cash rate will be cut by another 0.25% in March after the RBA gave little indication that today’s move would be an isolated decrease.
It’s $1.65 at Sportingbet that interest rates will be cut by a further 0.25% in March.
Odds of $2.10 are available about there being no change next month, while a 0.25% increase in March is at odds of $101.
Interest rate decision – March 3
Odds from Sportingbet.com.au
Decrease by 0.25% $1.65
Any other decrease $21
No Change $2.10
Increase by 0.25% $101
Any other increase $251