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SEOUL, March 13 () -- South Korea's January money supply grew 4.8 percent year-on-year to a four-month high of $1.7 trillion, Seoul's central bank said Wednesday.The Bank of Korea cited higher fiscal spending and the country's current account surplus for the M2 growth, Yonhap News reported.The bank said the January M2,[url=http://www.christianelouboutinoutlet.com]Louboutin Outlet[/url], which includes currency in circulation, was higher than the 4.5 percent increase in December. February growth was expected to be even higher.Yonhap reported the central bank's announcement comes a day before its policymakers have a rate-setting session. The report quoted analysts as saying the key rate is likely to remain unchanged at 2.75 percent for a fifth consecutive month.