Not only can you place bets on horse races like the famous Melbourne Cup, on online casino games or football but also on the outcome of exams at university, the box office results for blockbusters and now also on potential interest rates rises.
The Australian Reserve Bank is suppose to make a decision today whether it will raise interest rates or not. Credit markets are predicting only a 26% chance that the central bank will increase interest rates. Last week consumer inflation numbers came out lower the expected which in turn took pressure of the central bank to increase rates.
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