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Bank of Korea warns inflation bigger risk than slowing growth

In debut, Gov. Rhee's board raises benchmark quarter point to 1.75%

South Korea's new central bank governor, Rhee Chang-yong, attends his inauguration ceremony in Seoul on April 21.   © Reuters

SEOUL -- South Korea's central bank continued to tighten policy in the face of soaring inflation, raising its key interest rate by 25 basis points, or one quarter percentage point, to 1.75% on Thursday.

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