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GRAPHIC-Slowly lower: Emerging market central banks cut…

By Karin Strohecker and Ritvik Carvalho

LONDON, Aug 10 – 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.

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 Toby Chopra)

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