Economics
Top Emerging Markets Join Policy Easing Tide to Spur Growth
- Australia, India and Russia are among those that have cut
- Trade war and tech slump have hurt Asia’s export economies
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Central banks across key emerging markets finally joined the the tide of monetary policy easing Thursday as the world economy slows.
South Africa, Indonesia and South Korea, initially slow to follow peers in lowering borrowing costs, all announced a quarter-point cut in interest rates. In Latin America, Chile kept its key rate unchanged after last month’s shock half-point reduction.