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.

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 this year.

Underlying inflation jumped by one per cent in the September quarter, which RBA governor Michele Bullock said was higher than forecast for the central bank's preferred prices measure.

Also dampening rate-cut expectations is the unemployment rate falling to 4.3 per cent for October, in figures released after the Reserve Bank's rate dec

See Full Page