Bet on your mortgage rate

by admin on November 13, 2008

 

Online bookmaker Centrebet International has begun offering punters the opportunity to wager on the RBA next move if you don’t have enough riding on the gyrating markets already.  

  Centrebet claims to be the first bookmaker in Australia to take bets on the RBA’s monthly interest rate announcements, although relatively obscure interest-rate futures markets already offer ways to punt on interest rates for those desperate for so-called derivatives.

business.smh.com.au