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

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.

entropy@yna.co.kr
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