World News

Heading south: Emerging central banks cut rates for 11th month in December

By Karin Strohecker and Ritvik Carvalho

LONDON (Reuters) – Emerging market policymakers continued their easing cycle in December, joining major central banks in efforts to shore up their economies.

Interest rate moves by central banks across a group of 37 developing economies showed a net six cuts last month after a net eight cuts in November.

December marks the 11th straight month of net cuts – the longest easing cycle for emerging market central banks since 2013.

(Graphic: Shifting gears click, https://fingfx.thomsonreuters.com/gfx/editorcharts/EMERGING-MARKETS-CENTRALBANKS/0H001PBFX533/eikon.png)

For an interactive version of the above graphic, click here https://fingfx.thomsonreuters.com/gfx/editorcharts/EMERGING-MARKETS-CENTRALBANKS/0H001PBFX531/index.html.

(Reporting by Karin Strohecker; Graphic by Ritvik Carvalho, editing by Ed Osmond)