The economy of Brazil, the largest in South America, declined by more than 4 percent last year due to the corona crisis, according to the Brazilian central bank. To mitigate the economic damage from the corona crisis and the lockdowns, the Brazilian central bank has cut interest rates, while the government supported the economy. The World Bank expects the Brazilian economy to increase by 3 percent this year.
Ukraine needs to make more progress on reforms to get the next instalment of the International Monetary Fund (IMF) emergency bailout package, according to the IMF representative in Ukraine. Last May, the country was pledged 5 billion USD (4.1 billion EUR) in loans to ease the economic crisis triggered by the corona pandemic.
The stock market in Japan started the new trading week with a solid profit on Monday. Stronger-than-future growth in the Japanese economy in the past quarter pushed the Nikkei in Tokyo above the significant psychological threshold of 30,000 points for the first time in more than 30 years. The Japanese economy grew by 12.7 percent on an annual basis in the last quarter of last year.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 4 basis points to -0.09% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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