Amid yesterday's earthquake that hit New Zealand economy and damaged Christchurch will push policy makers to leave the rates unchanged steady at a record low 2.50% until the next year to support the economy to bring life back to New Zealand economic recovery.

On the other hand, economic recovery in New Zealand has started its rebounding phase after the outlook for the economy improved as the trade balance of New Zealand recorded higher than expected surplus during April on the back of a recovery in exports and high demand from the Asian region.

NZ economy reported that the cost of damage from the February quake and an earlier will be NZ$15 billion ($12 billion).