The Bank of Korea lowered its forecast for Korea's economic growth this year to -1.3%.
In May, the BOK predicted negative growth of -0.2% this year, reflecting the economic shock from the Corona 19 shock, which was lowered by 1.1 percentage points.
It can be interpreted as considering that economic activity will significantly contract as the outbreak of Corona 19 regions in the recent metropolitan area increases again.
The base rate is frozen at 0.5% per year.
BOK sharply lowered this year's growth rate to -1.3%… Base interest rate frozen
2020-08-27T01:52:12.480Z
The Bank of Korea lowered its forecast for Korea's economic growth this year to -1.3%. In May, the BOK predicted negative growth of -0.2% this year, reflecting the economic shock from the Corona 19 shock, which was lowered by 1.1 percentage points.
Source: sbskr