BOK: Growth forecast to be in line with October prediction, CPI likely to move higher

Reuters is out with the key headlines from the Bank of Korea’s (BOK), South Korean central bank, monetary policy report. Last hour, the BOK raised the key interest rate to 1.75% from 1.50%.

Growth forecast to be in line with the October prediction economy to grow broadly in line with the potential rate.

CPI likely to move around mid- to upper-1% range ahead.