Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Slowly lower: Emerging market central banks cut interest rates for 18th month

Published 08/10/2020, 06:48 AM
Updated 08/10/2020, 07:10 AM
© Reuters.

By Karin Strohecker and Ritvik Carvalho

LONDON (Reuters) - Emerging market central banks continued to cut interest rates in July as policymakers battling the fallout from the coronavirus pandemic tried to shore up their economies, though the pace of reductions has slowed down considerably.

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

July marked the 18th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013.

Graphic: EM central banks keep cutting rates EM central banks keep cutting rates https://graphics.reuters.com/EMERGING-RATES/xlbvgbyjqpq/chart.png

For an interactive version of the above graphic, click https://graphics.reuters.com/gfx/rngs/EMERGING-RATES/rlgvdngxmvo/

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.