By Karin Strohecker and Ritvik Carvalho
LONDON (Reuters) – Emerging-market central banks have continued to cut interest rates at a brisk clip in April as policymakers battle the fallout from the COVID-19 pandemic.
Interest rate moves by central banks across a group of 37 developing economies showed a net 15 cuts in April after a net 27 reductions in March – the biggest number of monthly reductions since the 2008/2009 global financial crisis.
April marked the 15th straight month of net cuts – the longest easing cycle for emerging-market central banks since 2013.
EM central banks keep cutting rates: https://fingfx.thomsonreuters.com/gfx/editorcharts/xklvynekpgd/eikon.png
For an interactive version of the above graphic, click here https://reut.rs/39BZ5xH.
(Reporting by Karin Strohecker; Graphic and data reporting by Ritvik Carvalho; editing by Larry King)
