SKorea Cuts Key Rate as MERS Emerges as Threat to Recovery

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11 June 2015 12:37 WIB

Governor of the Bank of Korea Lee Ju-yeol speaks to the media during a press conference on the benchmark interest rate at the bank's headquarters in Seoul, South Korea, June 11, 2015. South Korea's central bank lowered its key interest rate to a historic low on Thursday, responding to a slump in exports and the prospect that the outbreak of the deadly MERS virus could slow the economy. AP/Lee Jin-man

11 Juni 2015 00:00 WIB

Lee Ju Yeol, governor of the Bank of Korea, attends a monetary policy meeting at the central bank's headquarters in Seoul, South Korea, June 11, 2015. Bank of Korea policymakers cut the policy rate by a quarter of a percentage point to 1.5 percent, the second rate cut this year. In March, the bank lowered the key rate and downgraded its growth forecast for Asia's fourth-largest economy as exports continued to slump. SeongJoon Cho/Bloomberg via Getty Images

11 Juni 2015 00:00 WIB

Lee Ju Yeol, governor of the Bank of Korea, hits a gavel as he starts a monetary policy meeting at the central bank's headquarters in Seoul, South Korea, June 11, 2015. The Bank of Korea lowered its key interest rate to an unprecedented low as the spread of Middle East respiratory syndrome risks derailing an economic recovery. SeongJoon Cho/Bloomberg via Getty Images

11 Juni 2015 00:00 WIB

Governor of the Bank of Korea Lee Ju-yeol arrives for a press conference on the benchmark interest rate at the bank's headquarters in Seoul, South Korea, June 11, 2015. Bank of Korea policymakers cut the policy rate by a quarter of a percentage point to 1.5 percent, the second rate cut this year. In March, the bank lowered the key rate and downgraded its growth forecast for Asia's fourth-largest economy as exports continued to slump. AP/Lee Jin-man

11 Juni 2015 00:00 WIB

Lee Ju Yeol, governor of the Bank of Korea, speaks during a news conference following a monetary policy meeting at the central bank's headquarters in Seoul, South Korea, June 11, 2015. The Bank of Korea lowered its key interest rate to an unprecedented low as the spread of Middle East respiratory syndrome risks derailing an economic recovery. SeongJoon Cho/Bloomberg via Getty Images

11 Juni 2015 00:00 WIB

People wearing masks as a precaution against MERS, Middle East Respiratory Syndrome, virus, walk in front of the Bank of Korea Museum in Seoul, South Korea, June 11, 2015. Bank of Korea policymakers cut the policy rate by a quarter of a percentage point to 1.5 percent, the second rate cut this year. In March, the bank lowered the key rate and downgraded its growth forecast for Asia's fourth-largest economy as exports continued to slump. AP/Lee Jin-man

11 Juni 2015 00:00 WIB