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South Korea's central bank raises economic growth forecast for 2021 to 4 pct

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Seoul, May 27 (EFE/EPA).- South Korea's central bank on Thursday raised its economic growth forecast for 2021 by one percentage point to 4 percent due to the progressive recovery of the economy while keeping interest rates unchanged at a record low of 0.5 percent.The Bank of Korea (BoK) also forecast that Asia's fourth largest economy will grow 3 percent in 2022.In the face of strong signs of recovery, the bank expects inflation this year to be 1.8 percent, half a percentage point above the previous forecast. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF SEOUL, SOUTH KOREA.

Added on the 27/05/2021 14:00:00 - Copyright : EFE Inglés

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