Interest rates on hold as RBA warns of high dollar RESERVE Bank governor Glenn Stevens passed up the opportunity yesterday to push the Australian dollar lower, as official interest rates were left on hold for the fourth month in a row Amid concerns that more cuts could add fuel to the resurging housing market, the RBA left the cash rate at a record low 2.5 per cent, as expected. The central bank said the rates would be adjusted "as needed" to drive growth and contain inflation.