New Zealand and England have been docked three World Test Championship (WTC) points and all their players have been fined 15% of their match fees for maintaining slow over-rates in the first Test in Christchurch.

New Zealand's World Test Championship final hopes were dented after the ICC deducted points for slow over-rate in the first Test against England, dropping them to fifth in the standings.

England and New Zealand were fined 15% of their match fees and penalised three World Test Championship points each for slow over-rates in the first test at Christchurch, the International Cricket Council (ICC) said on Tuesday.

England and New Zealand have been deducted three World Test Championship points for slow over rates during their series opener in Christchurch. Both teams were also fined 15 per cent of their match fees for the offence.