| S. Korean central bank cuts 2013 growth outlook to 2.8 pct |
| Last Updated(Beijing Time):2013-01-11 13:54 |
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South Korean central bank cut on Friday its 2013 economic growth outlook for the country to 2.8 percent from an earlier estimate of 3.2 percent.
Bank of Korea (BOK) revised down its outlook for the country's 2013 gross domestic product (GDP) growth to 2.8 percent from 3.2 percent estimated three months before. The 2014 growth outlook was set at 3.8 percent.
The revision came after the central bank held the benchmark interest rate on hold at 2.75 percent at the first rate-setting meeting of 2013, maintaining its wait-and-see stance for three straight months. |
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