Online bookmaker sportsbet.com.au has installed the RBA announcing an interest rate decrease of between 0.01 percent and 0.25 percent in August as the $1.90 favourite.

Close behind in the market at $2.00 is the rate remaining unchanged.

A decrease of between 0.26 and 0.50 percent has been priced at $9.00 with any increase a distant $13.

“Following this afternoon’s decision to keep rates unchanged, the market is indicating we could be line for a small cut in August,” sportsbet.com.au’s Ben Hawes said.

“89 percent of money wagered on July’s decision was for rates to remain unchanged so it will be interesting to see what way the punters go this month.”

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Next RBA Interest Rate Announcement – August

$1.90 Decrease Between 0.01 and 0.25 percent
$2.00 Stay The Same
$9.00 Decrease Between 0.26 and 0.5 percent
$13 Any Increase
$21 Decrease 0.51 percent or more