The odds are stacked against mortgage relief for homeowners on Tuesday as analysts hotly debate whether the Reserve Bank will have room to cut interest rates again this year.

A cut at the September meting — held over Monday and Tuesday — was always unlikely given the RBA dropped rates in August and has signalled consecutive moves were off the agenda.

But a higher-than-expected inflation figure last week sparked a handful of economists to warn that the central bank may leave rates on hold well into next year.

The numbers released on Thursday had mixed messages and will leave the RBA waiting for a clearer picture on cost of living, which will be released late next month.

Headline inflation of 3 per cent to August was the highest in a year thanks to government power rebates ending, yet th

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