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SEOUL, Mar 9 (AFP): South Korea's central bank kept Thursday its call rate target for March unchanged at 4.0 per cent, citing tame inflation amid continuing economic recovery.
The Bank of Korea also said the economy was moving down the recovery path, with the Gross Domestic Product (GDP) expected to grow 5.0 per cent for 2006.
Growth for 2005 came to 4.0 per cent, down from 4.6 per cent in 2004 but higher than the bank's estimate of 3.9 per cent.
The bank raised its call rate target 0.25 percentage points last month in a bid to head off inflationary pressures as consumer sentiment picked up in line with the economy.
In February, the consumer price index (CPI) rose a modest 2.3 per cent year-on-year, the bank said.
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