Australian mortgage holders are preparing for increased borrowing costs as the Reserve Bank of Australia signals potential rate hikes. With inflation remaining above target, the central bank is expected to raise the cash rate in its upcoming meeting, adding pressure on homeowners. The decision comes amid rising consumer prices and a tightening labor market, prompting concerns over affordability. Experts warn that higher rates will lead to increased monthly repayments, potentially impacting household budgets. The move reflects the bank’s ongoing efforts to curb inflation while balancing economic growth. Homeowners are advised to review their financial plans in light of the anticipated changes.