More interest rate cuts could be further away for mortgage-holders over inflation concerns. Photo: Mick Tsikas/AAP PHOTOS
Mortgage-holders may have to wait longer for more interest rate relief after a hawkish turn from the Reserve Bank prompted analysts to push back their expectations for when the central bank will next cut rates.
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The RBA left the cash rate on hold at 3.6 per cent on Tuesday, in a move widely anticipated by economists and bonds traders.
But accompanying commentary from the bank's board and governor Michele Bullock was more pessimistic about inflation than expected.