Economists have said the central bank is unlikely to meet this month meaning borrowers may have to wait until February for further cuts to
mortgage repayments.
No financial event significant enough to warrant an unscheduled meeting has occurred since the RBA's last meeting in December, where the rate was cut by a full percentage point from 5.25% to 4.25%.
ICAP senior economist Adam Carr said there was a "minuscule' chance that the RBA would make any changes to the official interest rate before the next scheduled meeting due early next month, estimating a 5% chance.
"Market conditions have not deteriorated further and the data is basically reflecting what the world was like post-Lehmans,'' Mr Carr said.
"Nothing seems to have occurred that could plausibly point to that view changing.''
RBA governor Glenn Stevens did not rule out the possibility of meeting in January, but only under economic circumstances that would require the central bank to do so.
Mr Stevens said he would not be in the office on the first Tuesday of this month but would not be far away.
"No meeting has been scheduled for this time, but the option is open in any month to do something inter-meeting if there's a big event to cause it.''
The RBA has cut the cash rate by 3% since September 2008 in an attempt to boost the economy.
Riki Polygenis, senior economist at
ANZ said there was a "fairly low'' chance that the RBA would cut rates this month.
"They flagged in the minutes of the December board meeting that part of the reason for the 100 basis points move was that they felt they needed a break in January,'' she said.
