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South Korea cuts rates as Mers clouds outlook

Central bank brings policy rate down by 25 basis points to record-low 1.5% as 14 new cases and a 10th fatality are reported

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A deadly outbreak of Middle East respiratory syndrome (Mers) forced South Korea to cut interest rates on Thursday in the hope of softening the blow to an economy already beset by slack demand, as authorities reported 14 new cases and a 10th fatality.

Seoul

A DEADLY outbreak of Middle East respiratory syndrome (Mers) forced South Korea to cut interest rates on Thursday in the hope of softening the blow to an economy already beset by slack demand, as authorities reported 14 new cases and a 10th fatality.

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