Virus outbreak prompts Bank of Korea rate cut
The Bank of Korea has cut its headline interest rate amid fears over the economic impact of deadly Middle East Respiratory Syndrome (Mers) on the domestic economy.
The monetary policy committee cut rates from 1.75% to 1.5% today (June 11). "The committee judges that the downside risks to the domestic growth path forecast in April have expanded, owing mostly to the sluggishness of exports and to the impacts of the Mers outbreak," the central bank said.
Mers broke out in Saudi Arabia in 2012
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central Banking Awards 2024: fourth round announced
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Central bank of the year: Central Bank of Brazil