By Karin Strohecker and Ritvik Carvalho
LONDON, Feb 8 (Reuters) - Emerging market central banks
delivered just one interest rate cut in December, signalling the
fading out of an easing cycle that had started in 2019 and had
exceeded the cuts during the 2008 financial crisis and the 2010
euro crisis.
Of a group of 37 central banks across developing economies,
only Romania cut interest rates in January, following a total of
one net interest rate cut in December and two net interest rate
cuts in November.
A net four cuts in September had marked the 20th straight
month of interest rate cuts, Reuters calculations showed.
At the peak of the last easing cycle in March, 27 of the 37
central banks cut interest rates, trying to protect their
economies as the fallout from the coronavirus pandemic rippled
through markets around the world.
For an interactive version of the graphic, click here https://tmsnrt.rs/3jSycdO.
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EM central banks https://tmsnrt.rs/2OjSUt6
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