According to a statemeny by the Bank, the country will grow as much as annual 3.5% and consumer prices are expected to rise about 3.2%, lower than a earlier forecast of a 3.3 percent gain.
The Bank kept borowing costs unchanged for a 10th straight month last week.
“The economy has shown signs of a moderate recovery, with consumption and counstruction investment increasing, and will return to its long-term growht path gradually,” it said in the statement.
The won gained 0.5% to close at 1,135.00 per dollar in Seoul on April 13 and the KOSPI stock index rose the most in a month, gaining 1.1% to 2008.91.
(아주경제 송지영 기자)
reporter
Park Sae-jin
swatchsjp@ajunews.com
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