A firm favourite at 2.30pm


The punters dithered around early in proceedings and toyed with making half a percent the favoured way but it is the 0.25 per cent rise that has ended up on top of the CrikeyInterest Rate Indicator.
The probability that the Reserve Bank this afternoon will announce an increase in its official rate of 25 basis points  — I’m tossing in that piece of money market jargon to pretend I know something about this interest rate caper  — is put at 79%. My actual expertise is shown by my earlier decision to actually put some of my own hard-earned on there being no increase at all, which has blown out to a starting price near 50/1.

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