The Bank of Korea looks likely to raise interest rates again after it revised upward its projections for growth for 2010, analysts said.
The Bank of Korea, in its Economic Outlook for the Second Half of 2010 published on Monday, revised upwards its 2010 forecast for growth in South Korea from 5.2% to 5.9%. It also revised downwards its forecast for 2011 from 4.8% to 4.5%.
The central bank said it had altered its forecast for growth in 2010 due to an "increasingly faster pace" of inflation in the
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