SEOUL, Jan 9 -. Central bank of South Korea announced today it maintains its 3.8 percent growth forecast for 2014 GDP, in the first estimate in this year of issuing body of the fourth largest economy in Asia.
The forecast from the Bank of Korea (BOK) is lower than formulated by the Government of the country, which estimates an economic growth of 3.9 percent for the tenth year just begun.
Both agree, however, on the provisional estimate of GDP growth in South Korea 2.8 percent for 2013 completed , waiting for the final data will be published shortly.
The South Korean economy, maintaining high dependence on exports , confirmed his good performance in the third quarter of last year to grow 1.1 percent over the previous.
The Bank of Korea also announced today its growth forecast for next year 2015, which stood at 4 percent.
As for inflation, the BOK slashed its forecast for this year to 2.3 percent , two tenths less than the previous estimate of 2.5 percent, and forecast a CPI increase of 2.8 percent for 2015.
The increase in consumer prices in South Korea has slowed in recent months, in which the inflation rate registered figures close to 1 percent, well below the Government's objectives.
The monetary policy committee of the South Korean central bank froze the other hand , the reference interest rates in the country at 2.5 percent for the eighth consecutive month.
