Bank of Korea extends rate pause as inflation cools

SEOUL - South Korea's central bank kept its policy interest rate unchanged for an eighth consecutive meeting on Thursday as they looked for further declines in price pressures while staying on alert for any fallout from a construction firm's debt woes. The Bank of Korea (BOK) held its benchmark rate at 3.5 percent at a policy review in Seoul, an outcome correctly forecast by all 38 economists polled by Reuters. The BOK, currently at the end of its tightening cycle, is expected to move cautiously on any rate cuts as they watch the pace of monetary easing by the U.S. Federal Reserve and any money market jitters related to the country's ongoing efforts to restructure debt-ridden c...Keep on reading: Bank of Korea extends rate pause as inflation cools

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