Manila Bulletin·2 min read·medium
Stocks jump as BSP signals end to aggressive rate hikes
J
James A. Loyola
✦AI Summary
The Philippine Stock Exchange index rose by 0.78 percent following signals from the Bangko Sentral ng Pilipinas that aggressive interest rate hikes are likely over. Investors responded positively to the reduced uncertainty regarding borrowing costs, leading to a broad-based rally in large-cap industrial stocks.
Manila Bulletin - Stocks jump as BSP signals end to aggressive rate hikes
businesseconomy
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