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BOK economic forecasts: - GDP Growth:...>

SOUTH KOREA
SOUTH KOREA: BOK economic forecasts:
- GDP Growth: 2020 +2.1% (prev. +2.3%), 2021 + 2.4%
- Inflation: 2020 +1.0% (prev. +1.0%), 2021 + 1.3%
- Notes weaker economic growth, as well as higher uncertainty stemming from
Coronavirus, which has weighed on consumption.
- The Bank noted that it will retain an accommodative policy stance, while BBG
has flagged that the Bank removed "to judge whether to adjust the degree of
monetary policy accommodation" from its statement.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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