You are here: Home » International » News » Finance
Business Standard

Emerging market central banks deliver 19th month of interest rate cuts

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

Banking sector | Rate cuts | Emerging markets

Reuters  |  LONDON 

banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance

By Karin Strohecker and Ritvik Carvalho

LONDON (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.


Graphic: EM central banks keep cutting rates



For an interactive version of the above graphic, click here


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)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 04 2020. 12:13 IST