Borrowers will likely be able to breathe a sigh of relief with the Reserve Bank largely tipped to keep interest rates on hold. Governor Michele Bullock and the central bank's board will meet on Monday and Tuesday, with economists forecasting the cash rate to stay at 4.35 per cent. Senior economist at NAB, Taylor Nugent, said the RBA would likely fall into line with market forecasts. HSBC chief economist Paul Bloxham said the central bank would likely take a wait-and-see approach before choosing to make a move on the cash rate. "That being said, as inflation is still above target, we expect the central bank to continue to express concern that inflation is too high," he said.