Friday, May 01, 2009

Bet each way

I suppose, when you think about it, people who chose to maintain a variable interest rate for their home mortgage rather than moving to a fixed rate, and vice versa, are gambling on the Reserve's Bank decisions regarding interest rates. Of course, it if you wanted to, you could actually having a "real" bet on it. A news item in The Daily Telegraph recently told of a "VIP client" from Sydney's west who has bet $45,000 with Centrebet on interest rates remaining the same after the Reserve Bank's May meeting.

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