South Korea's Moon flags steps for virus-hit economy, boosting rate cut expectations

FILE PHOTO: South Korean President Moon Jae-in speaks during his New Year press conference at the presidential Blue House in Seoul, South Korea, January 14, 2020. REUTERS/Kim Hong-Ji/Pool

SEOUL (Reuters) - South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavirus outbreak, boosting expectations of further monetary easing.

"(The government) shouldn't quibble over whether anything is unprecedented or not, rather, we should take every possible measure we can think of on the table to deploy them," Moon said in a cabinet meeting.