The Reserve Bank of New Zealand (RBNZ) kept benchmark interest unchanged at 2.50% during the month, while the actual reading came inline with both the previous reading and analysts' expectations which noted that.

Moreover, the Governor of the Bank noticed that higher currency has a negative impact on the economic recovery in New Zealand, which supporting NZ policy makers in New Zealand to reduce the rate raises during the next month.

While the Bank's board indicates the New Zealand economic recovery is on the track supported by strong terms.