Central Banks In Emerging Markets Take Action

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Central Banks In Emerging Markets Take Action

by Wochit 0:37 mins

Central Banks In Emerging Markets Take Action

by Wochit 0:37 mins

Following a bout of market turmoil that's weighed on their currencies, central banks in emerging economies are moving fast to contain the damage. They are considering the full range of policies at their disposal. While the People's Bank of China made another liquidity injection Tuesday into the country's financial markets in an attempt to ease strained credit conditions, India's central bank unexpectedly raised interest rates to prop up its ailing currency. Much of the turmoil in global financial markets over the past week has been due to developments in emerging economies.

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