Mortgage holders are unlikely to get a helping hand this week, with resurgent inflation expected to discourage the Reserve Bank lowering interest rates for the foreseeable future.

Conflicting impulses of rising consumer prices and higher unemployment are pulling the RBA monetary policy board in opposing directions, ensuring the bank will opt to sit on its hands and wait for more data, according to analysts at Japanese investment giant Nomura.

Since the last rates meeting in September, the key developments have been a sharp jump in unemployment in September and a much stronger-than-expected inflation print last week, Andrew Ticehurst and David Seif said.

"The RBA has a dual mandate and with these data pulling it in different directions from a policy perspective, the best option is likely

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