S. Korean central bank revises down 2024 growth outlook to 2.4 pct

SEOUL, Aug. 22 (Xinhua) -- South Korea's central bank on Thursday revised down its economic growth outlook for 2024 by 0.1 percentage points, lowering its headline inflation forecast by the same margin.

Real gross domestic product (GDP), adjusted for inflation, was expected to expand 2.4 percent in 2024, the Bank of Korea (BOK) said after freezing its benchmark interest rate unchanged at 3.50 percent.

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