The Reserve Bank of Australia (RBA) maintained its key interest rate at 4.35%, despite discussions about further increases.

The decision comes amid mixed economic signals, with inflation proving stickier than expected.

The RBA Governor indicated that while another rate hike isn’t the most likely scenario, it remains possible if high inflation persists.

The central bank is taking a cautious approach, closely monitoring economic data before making further moves.

Financial experts advise borrowers to consider refinancing options now, before potential rate cuts later in the year. This allows you to lock in a lower rate now, potentially ahead of any future cuts by the RBA. This could result in significant savings over the long term. Additionally, if the RBA does cut rates later as expected, you’d benefit twice: from your lower refinanced rate and the further reduction from the official