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China Cut the 1-year and the 5-year Loan Prime Rates
The People’s Bank of China (PBoC) cut the one-year and five-year loan prime rates (LPR) on April 20th

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China Lowered the Bad-Loan Coverage Ratio for Medium and Small Banks
China’s State Council lowered the provision coverage ratio for medium and small commercial banks by 20pp

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FDI in Brazil Continue to Increase in March 2020
Brazil’s FDIs have been on an upward path since the beginning of the year

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Brazil’s Current Account Posts Surplus for the First Time in 2020
Brazil’s current account posted a USD 868bn surplus, compared to a deficit of USD 2.7bn in March 2019

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US Weekly Jobless Claims Slow Down For a Third Consecutive Week
The weekly jobless claims in the US continue to slow down for a third consecutive week

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Economic Activity in the Euro Area Continues to Deteriorate
The Composite PMI plunged to 13.5 compared to 31.4 in March 2020

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China’s Trade Remains on a Downward Path in March 2020
China’s exports and imports remained on a downward path, dropping by 6.6% y/y and 0.9% y/y, respectively

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PBoC Cut the Rate on 1-Year Medium-Term Lending Facility
the People’s Bank of China (PBoC) cut the interest rate on its 1-year medium-term lending facility (MLF) to 2.95%

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The Philippines Narrowed its Trade Deficit in February 2020
The Philippines narrowed its trade deficit substantially to USD 1.7bn in February 2020

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Brazil’s Economic Activity was on an Upward Path In February 2020
The Brazilian Central Bank’s economic activity index climbed 0.35% m/m in February