The Reserve Bank of Australia (RBA) meets today.
No question that rates will be on hold, but analysts will be watching for signs of 'dovish' wording in the accompanying statement.
While it's possible to borrow money at significantly lower rates than reported here, mortgage rates have nudged higher over the last couple of months.
Government bond yields have also crept steadily higher.
In fact the 10-year bond yield had dropped well below 2 per cent in the second half of 2016, but has since staged a strong rebound to sit around 2.70 per cent.
The Reserve Bank will release its Monetary Policy Decision at 2.30pm AEDT.