Fixed Versus Variable

I have just jumped on betfair and managed to make a bet for a quarter percent rise at 1.85 to 1 odds. I am not 100% sure that there will be a rate rise – but am more than 75%, so my odds are OK IMO. This is because inflation has hit about 2.1% for the year just passed, according to the TD Securities/Melbourne Institute monthly inflation gauge. I’ll have to update the main post very soon, as there is new inflation data to plug into my model. I am still quite happy with my predictions.