RICARDO'S BUSINESS || CPI target for rate cut

The Reserve Bank board meets on Melbourne Cup Day with some economists predicting the bank will cut the official cash rate for the first time in two- and- a- half years.

But the board's decision may rest with the outcome of Wednesday's Consumer Price Index.

An underlying rate of below 0.6% may be enough to trigger an interest rate cut.

For more, I spoke with CommSec's Savanth Sebastian and NAB's Rob Henderson.