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GRAPHIC-Going lower: EM central banks deliver 19th month of interest rate cuts

Fri, 4th Sep 2020 07:00

By Karin Strohecker and Ritvik Carvalho

LONDON, Sept 4 (Reuters) - Emerging market central banks
continued to trim interest rates in August, with policymakers
trying to shore up their economies to battle the fallout from
the coronavirus pandemic, though the pace of reductions
continued to slow.

Interest rate moves by central banks across a group of 37
developing economies showed a net seven cuts in August following
eight reductions in July and 16 in June and May each.

August marked the 19th straight month of net cuts - the
longest easing cycle for emerging market central banks since
2013.

For an interactive version of the above graphic, click here
https://tmsnrt.rs/3grAEai.

For a FACTBOX on global central bank rate responses to the
coronavirus outbreak, click here:

For a FACTBOX outlining global economic policy response to
the crisis, including fiscal policy:

(Reporting by Karin Strohecker; Graphic and data reporting by
Ritvik Carvalho; Editing by William Maclean)

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