Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

RBNZ's Orr: Inflation is returning to sustainable target band

Source Fxstreet

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr addressed a New Zealand Parliament committee early Thursday, stating that the New Zealand central bank is maintaining a suitably-restrictive policy stance and the RBNZ is likely looking at gauging when to enact further cuts.

Key highlights

CPI returning sustainably to target band of 1-3%

Current economic conditions are poor

New Zealand needs to enhance its potential growth rate

Fiscal policy should enhance potential growth

Staying on hold for a longer duration was unnecessary.

Policymakers aim to reduce output fluctuations

Policy discussions in the future will focus on whether to maintain or reduce rates.

Believes sufficient measures taken to control inflation

CPI requires more frequent re-weighting

Using High-Frequency Data to Improve CPI and GDP Estimations

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Forecast: Gold Eyes Key $4,400 Resistance as Falling Oil Prices Ease Inflation Pressure As of the Asian session on September 21, gold prices (XAUUSD) maintained high-level consolidation intraday today following a strong rebound last week, with the latest price trading around

Author TradingKey

9 hours ago

As of the Asian session on September 21, gold prices (XAUUSD) maintained high-level consolidation intraday today following a strong rebound last week, with the latest price trading around

Crude Oil Price Forecast: Can Brent Hold $100 as Saudi Export Recovery Weighs on Risk Premium?International oil prices fell for a fourth consecutive trading day on Monday, marking their longest losing streak since June. Although Iranian-backed Houthi militants launched fresh attac

Author TradingKey

9 hours ago

International oil prices fell for a fourth consecutive trading day on Monday, marking their longest losing streak since June. Although Iranian-backed Houthi militants launched fresh attac

Brent slides below $102 after Houthis' first strike on Riyadh — why oil can't hold $100 Houthi forces struck Riyadh for the first time on September 19 and hit Yanbu facilities — yet Brent opened at $104.71, peaked at $104.90 and settled at $101.68 (-1.63% on the day). Here is the four-way data tug-of-war between strike escalation and supply recovery, and the two switches that decide where oil goes next.

Author Irene Q.

14 hours ago

Houthi forces struck Riyadh for the first time on September 19 and hit Yanbu facilities — yet Brent opened at $104.71, peaked at $104.90 and settled at $101.68 (-1.63% on the day). Here is the four-way data tug-of-war between strike escalation and supply recovery, and the two switches that decide where oil goes next.

Today’s Market Recap: AI Chip Stocks Gain, SanDisk Surges Nearly 11%, Micron Rises Nearly 4%, Bitcoin Reclaims $80,000 Tracking Market TrendsTradingKey - On September 18, Eastern Time, U.S. stocks capped off a volatile week with the three major benchmarks closing mixed. Tech and semiconductor stocks extended their reb

Author TradingKey

16 hours ago

Tracking Market TrendsTradingKey - On September 18, Eastern Time, U.S. stocks capped off a volatile week with the three major benchmarks closing mixed. Tech and semiconductor stocks extended their reb

Bitcoin squeezes back above $80,000 — 110,000 traders liquidated as the hawkish Fed and CLARITY setback fail to hold it down; is $83,000 next?Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Author Suzie

Yesterday 06: 19

Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Popular Symbols