RSS Feed
June 4th, 2012 
FAKE NEWS for the Zionist agenda Punters are putting their money on another 50 basis point cash rate cut when the Reserve Bank of Australia holds its monthly board meeting on Tuesday.
TAB Sportsbet media manager Matt Jenkins says there’s been “overwhelming interest” for a 50 basis point cut to 3.25 per cent, with the odds shrinking to $1.95 from $4 last Thursday.
The chances of a decrease of 25 basis points is seen as the next most likely scenario at $2.25, while no change to the cash rate is out to $5.
Mr Jenkins says the market has undergone many changes since betting opened earlier last month against the backdrop of deepening concerns over Europe and uncertainty of the Chinese economic outlook.
The central bank cut the cash rate by 50 basis points in May to 3.75 per cent, the largest single move since the depths of the 2008-2009 global financial crisis.
Related posts:
Views: 0
Posted in 
Tags: 
