South Korea holds rates steady as Iran war fans inflation, growth risks
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South Korea's central bank kept its policy interest rate steady on Friday and warned of a highly uncertain path ahead as a broadening conflict in the Middle East threatens to derail growth and worsen inflation. The Bank of Korea flagged both the risk of a resurgent inflationary spiral fueled by crude prices and slower growth after the board voted to keep its benchmark interest rate unchanged at 2.50%. All 31 economists polled by Reuters expected policy rates to remain on hold. "The growth rate
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