PM denies rate cut will impact election timing

Mortgage relief has finally come for homeowners but the PM denies it will trigger an early poll. (Lukas Coch/AAP PHOTOS)

Anthony Albanese has downplayed suggestions the first interest rate cut in almost five years will be the trigger for a federal election.

The Reserve Bank on Tuesday cut the official cash rate by 25 basis points to 4.1 per cent, delivering much-needed relief for mortgage holders.