{video} The Reserve Bank board will meet in Sydney this afternoon for its most eagerly anticipated monthly meeting in more than two years, with a roughly 50-50 chance of a cut to the official cash rate. There has not been any change to the cash rate since August 2016 when it was cut by 25 basis points to its current record low of 1.5 per cent. A shock inflation reading of zero per cent in the March quarter, which brought the annualised rate to 1.3 per cent, dramatically increased the likelihood of a rate cut. The RBA aims to keep inflation in a target band of 2-3 per cent. “The market is currently on the fence about ... (full story)