S Korea freezes rates, raises economic outlook
Central bank keeps base rate unchanged for 10th straight month at 1.25%; raises GDP forecast for 2017 to 2.6% on the back of improving exports and indicators
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Seoul
SOUTH Korea's central bank raised its growth outlook for this year and kept interest rates unchanged at a record low for a 10th straight month on Thursday, while its governor shifted policy to a more hawkish stance.
The Bank of Korea's monetary policy committee held its base rate steady at 1.25 per cent, in line with forecasts from 21 analysts surveyed in a Reuters poll.
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