Global economic growth fears prompt emerging markets to ease rates


Growing evidence that a slowdown in the global economy is beginning to take place has prompted a number of central banks in emerging markets to ease monetary policy.

The Central Bank of Brazil, on January 18, cut its benchmark interest rate by 50 basis points to 10.5%, and signalled further monetary easing in the future.

The decision to lower the interest rates was agreed unanimously by the central bank's Monetary Policy Committee. It said the decision was taken due to evidence of a more "restri

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