Borrowers are trying to keep interest rates low in the expectation that the Reserve Bank of Australia will end their low cash rate sooner than the forecast date of 2024. Officials are waiting for inflation to persist between two and three percent reached before it hikes the cash rate - a number that is not forecast until 2024. However, the annual inflation rate rose last week to 2.1 percent - the strongest result in the last six years. The financial markets also expect the RBA to abolish its rate curve control policy and raise its economic forecasts at their monthly board meeting today. St. George predicts the cash rate will move in early 2023 - while ANZ expects a rate hike in the second half of the year. Sky News Australia discussed the matter with Scott Phillips of The Motley Fool.