Emerging market policymakers slit interest rates last month, taking lead from central banks such as the U.S. Federal Reserve and the European Central Bank (ECB), Reuters has stated.
Central banks moved interest rates across 37 developing economies showing a net fourteen rate cut last month - the largest number since policy makers ramped up measures to kickstart economic growth in the wake of the 2008 global financial crisis.
In July, developing market central banks recorded a net 8 rate cuts.
Some of the recent emerging market central bank monetary policy changes include Mexico where policymakers cut the key lending rate by 25 basis points to 8.00% - the first reduction since June 2014.
Policymakers in Thailand also unexpectedly cut the benchmark rate, expressing concerns with the strength of the Baht (THB) and seeking to prolong growth.
Some other emerging markets witnessing changes in monetary policy are; Hong Kong, India, Peru, Brazil, Jordan, Saudi Arabia, Russia, South Africa and Ukraine.