The Korea Herald


BOK raises growth outlook of Korea's economy to 2.6%

By Korea Herald

Published : April 13, 2017 - 11:33

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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.

(Yonhap) (Yonhap)

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 growth estimate for 2017 is 0.1 percentage point higher than the central bank's estimate released in January. (Yonhap)