Bank of Korea Governor Shin Hyun-song said at a news conference on the 28th after holding the benchmark interest rate at 2.5% that "if the Middle East situation is resolved early, (this year's economic growth rate) could come out even higher than 2.6%." In its economic outlook released that day, the Bank of Korea (BOK) raised this year's growth forecast to 2.6% from 2.0%.
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