South Korea cuts interest rates amid concerns over MERS
June 11 , 2015
South Korea has cut interest rates as the country reels under an outbreak of the Middle East Respiratory Syndrome (MERS) that has killed nine people.
The central bank cut it policy rate by 0.25 percentage points to a record low of 1.5%, the fourth cut in under a year.
Experts have warned that the MERS outbreak, which has spread panic in the country and led to thousands of schools being shut down, could hit the economic recovery of Asia’s fourth largest economy.