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![<i>Bernard Hickey: </i>Tightening without hiking the OCR](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Bernard Hickey: </i>Tightening without hiking the OCR
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.
![Australia hikes interest rates](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Australia hikes interest rates
Australia's central bank raised its benchmark interest rate to 4.25 per cent.