South Korea cuts rates as MERS clouds outlook; 14 new cases


SEOUL: An 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 burdened by slack demand, as authorities reported 14 new cases.

Worry in South Korea about the disease has been reflected across the region with dozens of suspected cases being tested in Hong Kong, though none confirmed, and many thousands of people cancelling trips to South Korea.

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