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BOK raises growth outlook of S. Korea's economy to 2.6 pct

All News 11:35 April 13, 2017

SEOUL, April 13 (Yonhap) -- South Korea's central bank on Thursday revised up its growth outlook for Asia's fourth-largest economy to 2.6 percent from 2.5 percent for 2017.

BOK Gov. Lee Ju-yeol announced the estimate in a news conference after the BOK Monetary Policy Board kept its policy rate at an all-time low of 1.25 percent in April.

The BOK's gross domestic product (GDP) growth estimate for 2017 is 0.1 percentage point higher than the central bank's estimate released in January.

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