![Wakeup call: Kiwi hits 18 month low vs Aussie](https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Depositphotos_cash_money_dollars-M.webp)
Wakeup call: Kiwi hits 18 month low vs Aussie
The Reserve Bank’s 'dovish' big hike yesterday hit the currency hard overnight, just in time for Australian tourists on their first weekend here.
![Wakeup call: US inflation hits 8.5%](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/cropped-RBNZ-A.webp)
Wakeup call: US inflation hits 8.5%
New Zealand's Reserve Bank has been weighing up the inflation outlook as it prepares to hike the official cash rate.
![Wakeup call: Rates fear hit stocks](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Depositphotos_wall_street.webp)
Wakeup call: Rates fear hit stocks
US stocks are closing down 2% on fears higher interest rates will hit profits and drive the US economy closer to recession.
![Wakeup call: Shanghai lockdown grief](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/shanghai-c.webp)
Wakeup call: Shanghai lockdown grief
US interest rates rose to fresh three-year highs over the weekend as investors brace for US inflation data expected to show annual inflation hit 8.4% in March.