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BOK raises S. Korea's economic growth outlook to 2.8 pct

All News 11:33 July 13, 2017

SEOUL, July 13 (Yonhap) -- South Korea's central bank on Thursday revised up its growth outlook for Asia's fourth-largest economy this year to 2.8 percent from 2.6 percent.

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 July.

The BOK's gross domestic product (GDP) growth estimate for 2017 is 0.2 percentage point higher than the central bank's estimate released in April.


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