SK raises 2017 growth outlook to 2.6 percent


AFP

SEOUL — South Korea’s central bank on Thursday raised its growth forecast for this year but warned the pace of recovery could be affected by rising protectionism. The Bank of Korea said it expected expansion of 2.6 percent in 2017, up from its earlier projection of 2.5 percent given in January, marking the first upward revision in three years.

It left its key interest unchanged at a record-low 1.25 percent for the 10th consecutive month in a move aimed at maintaining financial stability with uncertainty both at home and abroad.