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. 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. CBA similarly upgraded its forecast for trimmed mean inflation, the RBA’s preferred measure, to 0.8 per cent in the September quarter. HSBC chief economist Paul Bloxham also thought the RBA was on the hawkish side, but stuck with his prediction for a move lower in November.