Meanwhile, US President Donald Trump accused the Federal Reserve on Saturday of not being "aggressive" enough to counteract the coronavirus-linked economic slump, while insisting he had no plans to replace the bank's president, frequently a target of his criticism.

"Other boards and other countries and people representing those countries are taking a much more aggressive action than our Fed," Trump said during a White House press conference. "And their equivalent of the Fed rate is lower, in some cases by two points. That's a lot," the president said. "We have the currency, the power... We shouldn't have a Fed rate that's higher than our competitor nations."

Copyright Agence France-Presse, 2020