Insight on cash rate pause as economy runs at capacity

Economists hold little hope of another rate cut at the Reserve Bank's last meeting of the year. Photo: Jennifer Dudley-Nicholson/AAP PHOTOS

The Reserve Bank will shed further light on its decision to deny homeowners a further rate cut when it releases minutes from its last meeting earlier in November.

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Australia's central bank kept interest rates on hold at 3.6 per cent after the meeting in a unanimous decision, following three cuts earlier in the year.

Major banks have now scrapped predictions of another rate cut in 2025, with the RBA's rate-setting board meeting just one more time