Reserve Bank defends Official Cash Rate hike says decision reduces need to ‘increase by more later’

The Reserve Bank has lifted the OCR to 2.75% despite job market concerns.

All eyes will now turn to what the central bank thinks will happen next.

Australia's economy grew 0.4 per cent in the June quarter, slightly beating most economist forecasts and further raising the prospect of an interest rate hike as soon as this month.

ASHEVILLE, North Carolina, Sept 1 : Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will continue to raise interest rates as financial conditions remain accommodative, and debate this month whether upside inflation risks were heightening.With underlying inflation quite close to the BOJ's 2 per cent t