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S.Korea c.bank sharply cuts growth forecasts

SEOUL, Oct 11 (Reuters) - South Korea's central bank sharply cut its economic growth forecasts for this year and next after trimming interest rates for the second time this year to shore up Asia's fourth-largest economy on Thursday, its governor said.

The Bank of Korea cut this year's economic growth forecast to 2.4 percent from 3.0 percent set in July and that for next year to 3.2 percent from 3.8 percent, Governor Kim Choong-soo told reporters.

For more of the key remarks that Bank of Korea Governor Kim Choong-soo made during his news conference, double-click

(Reporting by Christine Kim; Writing by Choonsik Yoo; Editing by Eric Meijer)

((choonsik.yoo@thomsonreuters.com)(+822 3704 5580)(Reuters Messaging: choonsik.yoo.thomsonreuters.com@reuters.net))

Keywords: KOREA ECONOMY/FORECASTS