By Karin Strohecker and Ritvik Carvalho
LONDON, Jan 22 (Reuters) - Emerging market central banks
revisited interest rate cuts in December, extending an easing
cycle that started in 2019 and had exceeded the cuts during the
2008 financial crisis and the 2010 euro crisis.
Central banks across a group of 37 developing economies
delivered one net interest rate cut in December after two net
interest rate cuts in November and no change in October. 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 pause rate cutting cycle https://tmsnrt.rs/329LkoX
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