RBA keeps interest rates on hold at historically low 0.1 per cent in May Australia's interest rates will remain at the historic-low level of 0.1 per cent as the nation's central bank reserves its hand to lift rates in the wake of record house price growth. The Reserve Bank of Australia (RBA) met today, choosing to maintain the current cash rate despite record new levels of home loan commitments and exploding property prices. RBA Governor Philip Lowe indicated late last year that the central bank had forecast to keep rates at 1.0 per cent for a target of three years, instead preferring other economic measures to boost spending.