The Reserve Bank of New Zealand released its rate decision, where the central bank decided to keep the interest rates steady at 2.50%, to support the economic recovery after the quake that hit New Zealand as well as to continue the rebuilding process.

On the other hand, 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, where the interest rates have been reduced by 50 basis points from the 3.00% to 2.50% on March to support the recovery of exports which exceeded imports significantly to record a surplus.