Economists say a 25 basis point cut to the Official Cash Rate could be the Reserve Bank's most strategic option. 

The central bank will announce its latest review of monetary policy at two this afternoon. 

It's largely expected we'll see a cut from the current rate of 3% - but the size of the reduction isn't clear. 

ANZ Chief Economist Sharon Zollner told Ryan Bridge we're just getting into the spring period for the housing market - and the next six weeks will reveal a lot about the rebound.  

She says a 25-basis point cut would leave the most options open.