Date Time Cash rate should stay on hold for next year The official cash rate should remain at a historic low of 0.1 per cent for at least one year, according to The Australian National University’s RBA Shadow Board. In its latest vote, the Shadow Board attaches a 95 per cent probability that an overnight cash rate of 0.1 per cent is the right setting, and only a five per cent probability that interest rates should rise. This is down slightly from the Board’s May vote, which attributed a 98 per cent probability that 0.1 per cent was the correct setting. The Board has a 62 per cent conviction that 0.1 per cent rates are the right setting in 12 months’ time.