Category: interest rates
PSEi back to the doldrums; rate cut comes too late
MANILA, Philippines – Profit taking early in the trading day quickly snapped the two-day winning streak of the benchmark stock index on Thursday, with the surprise interest rate cut optimism coming in too late. By the end of the session, the Philippine Stock Exchange Index (PSEi) lost 0.68 percent, or 41.34 points, to 6,057.40. Likewise,
BSP seen keeping key rates steady
The Bangko Sentral ng Pilipinas (BSP) is expected to leave interest rates unchanged this week, pausing after three consecutive cuts as officials wait for clearer signals on the state of the economy and weigh the peso’s slide. Ten out of 16 economists surveyed by the Inquirer last week projected that the Monetary Board (MB) will
The New York Times
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